RRRR: Rare Medium Group (soon to be) formerly ICC Message Board

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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: Heather who wrote (483)	4/25/1999 10:03:00 AM
From: Anaxagoras	Read Replies (1) of 1150

Hi Heather- <<Forgive me if I'm abit [sic] confused but shouldn't we be more over whelmed [sic] by the huge market cap of some of these other internets vs rrrr.[?]>> Let me make a few things clear (I hope!). A reasonable short argument here is not the typical "Overvalued!" war cry you hear when bears try to overwhelm the citadel of the 'nets. Most of the nets are overvalued on traditional models, but that doesn't keep me from longing them- as I mentioned before, I learned my lesson about shorting nets on overvaluation a couple years ago with YHOO- don't do it unless its for a quick trade on technical like merits and with stops in mind. So that's not really the issue here. It's that this company not only is ridiculously overvalued, but the reason it has run up is pie-in-the-sky dreams at this point, and the company has a crappy pedigree. They have done virtually NOTHING to suggest that they will be a success! This is third rate internet hype at a very late stage in the game. In the next post I'll give a brief synopsis of a few of the pillars of a short's argument here (in ADDITION to the overvalued call). Anaxagoras

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