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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: mister topes who wrote (3198)4/6/1999 10:20:00 AM
From: Kirk ©  Read Replies (1) of 15132
 
Why would anybody buy an internet stock

Well Don. Two months later, I can answer your question with a ton of profit on the books. 8) My subscribers are sure happy!
Message 7670826

Volatility. Internets went down more because they went up more. Simple.

Remember this post that caused your reply?
Message 7662200

Since my "admission" that I bought a 'nut, BOWG has gone from 3's to $7 in that time (drafting on the MINE IPO) and the HWP I sold still has barely seen $70 much less the $82 I sold it at to fund the purchase.

What is really weird, (too bad I didn't chase them - I'll stick to finding "value" in the internet field), but BCST, YHOO, AOL, etc are all crushing past highs.

The question is "How high can these things go?". Just like picking MSFT 5 or 10 yrs ago, the goal with internet stocks is to find the ones that will be around in 10 yrs.

best regards
Kirk out
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