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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: memflyken2 who wrote (1423)4/29/1999 10:09:00 PM
From: Mad2  Read Replies (2) of 3543
 
Internuts = (hopes + dreams + no track record + rapidly growing market + few barriers)XMomentum
Hopes + dreams - eventually these must transform into a deliverable result, if not it becomes a dissapointment factor
No track record - this evolves, for the time being it's to the advantage of those holding the stock, eventually a record is developed which will speak for itself both for individual companies as well as for the sector.
Rapidly growing market - BIG advantage to the early leaders, growth rates slow, market attracts additional players. Rapid growth doesn't continue forever.
Few barriers - This will be the killer of a number of internuts. Speed of change, the eventual attraction of large well healed corporations and good old fashion competition will make the buck elusive to a number of companies.
Momentum - The great magnifier. It has been a big plus, when the shine wears off of the imaginative view of the future and goes negative to realistic look out!

Mad2
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