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Technology Stocks : Pacific Internet Next HOT IPO?
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To: Catcher who wrote (413)3/26/1999 4:47:00 PM
From: Herc  Read Replies (1) of 912
 
The market hardly seems to penalize internet stocks for lack of profits. It is the rare company with profits, and most are selling at huge multiples.

Also it seems the one overwhelming retrospective on internet stocks is regret in selling them too early.

Also we have a little cushion with PCNTF because the Asian markets are depressed and their economies are weak for now, i.e a lot more upside potential. Also their economies will probably be expanding quicker than ours.

In other word, PCNTF is less of a bubble stock.
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