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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.42-0.1%3:59 PM EST
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To: Sgt. Stockpile who wrote (2476)3/27/1999 12:22:00 PM
From: Bill F.  Read Replies (4) of 28311
 
SGT.STOCkPILE-it seems to me that to be so critical of biggs,you must have a very high opinion of your own opinion.he has been very good on many subjects for two decades and gotten very rich.HAVE YOU?no one is perfect ,repeat no one.we all make mistakes.but this movie isn't over ,if it ends badly as some of us suspect lots of money will be lost.so the key is how much money you make in a bull market and keep when things go bad.(in fact most stocks have been laboring for a year now with only the internet stocks still in an intergallactic bull market.)it seems to me that the super critical bulls out there feel that prosperity and rising stock prices are permanent and anyone who feels otherwise is a fool.that is a bad bet to make in my opinion.the bull case has really devolved into stocks are going up so stocks will keep going up.biggs point which i agree with was that all fundamental reasons have crumbled or been discounted ,many times over and all technical reasons have deteriorated too.he said he was befuddled due to disconnect between stock price action and everything that has ever mattered before.not an unreasonable thing to say.just what is your well thought out, cogent, defensible case for higher stock prices ? i would love to hear it.i was short japan in the late 80's and many of todays argument being used here where being used there at that time.in the end the mania ended and they have had 10 years of hell.it could happen here.food for thought.
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