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Technology Stocks : DoubleClick Inc (DCLK)

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To: KeepItSimple who wrote (812)3/11/1999 9:23:00 PM
From: Keith Howells  Read Replies (2) of 2902
 
Keep it simple,
You remind me of a guy at work. We have had many discussions about the valuations of the internet stocks over the last two years. He has some very good points if you view things in an historical or "traditional" way. He has repeatedly refused to invest in them. I respect his opinion. However, he has missed a tremendous runup in many of the stocks we have discussed and that I have purchased. When the day is done, I can and have taken money off the table and he is still sitting there talking about the lofty, usubstantiated prices while he has not made dollar one.

Agree with it or not, a split now days is viewed as a bullish sign, and in most cases a stocks price will benefit because of it. At the end of the day tomorrow the price of DCLK will most likely be higher, and those of us that own it will be a little bit better off. By not investing you won't. Simple as that.

One question to you, what stock in this area, including the internet blue chip AOL would you consider to have a reasonable PE? Nothing that I know of at this time fits into any traditional valuation model. I believe you can't fight the market, and like it or not, the market has determined the prices of the internet group.
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