Morning Don
just a quick note for you and all here...if you get a chance to read IBD Fri' 30th edition, you'll see what some major players think of the markets and the internet...right on the front page...echo's my thoughts completely...
as to your post about sideways movement in the DOW or any other index as being negative...i totally disagree with that...i can show you charts of the DJIA-SPX-OEX, that will disprove that..in fact Eric Stevens has those charts for your thread...maybe he could comment...
as for all the people here talking about the internets...gee whiz, please try folks to cut thru all the garbage out there and see the forest for the trees...sure these stocks are overvalued..but the incredible potential out there in the next 5-10 years is awesome..
someone was talking about EBAY & AMZN...everyone here should own these 2 co's....there basically just a few years old...already they're proving how extensive this amrket will become...competion??? sure there will be plenty of competion, but THINK!!!, the vast potential of this medium's growth is incredible, competion will flourish as always, and the BIG will eat up the small...
i visualize the Internet as the Universe...Vast, never ending, always expanding, billions of stars/people...millions of customers businesses can be contacted almost immediately with their products and services...No, i'm sorry, some people have this very short attention span..both in the daily market swings and instant gratification for the stocks they buy and sell...
the Internet is for long term wealth building not seen before in this lifetime...i believe we can & should invest heavily in these co's, knowing full well that the coming expansion of this sector is/was/will be, so amazing it will leave us all breathless...this is the one major area where investors can become millionaires...buy and hold, and buy every major dip, those solid stocks within the confines of this sector..5-10 years from now...we will look back at 1999, and say WOW!!!!!! i'm rich, i'm happy, i'm retired...
the pervasive bearishness here on this thread of some, is nothing more than fearfulness of the inevitable...you all have to invest to make money..truthfully....the daily market noise..means nothing in the scheme of things...
while i enjoy from time to time to read some of these posts, i often wonder what they are seeing reading that i'm not...being TOO technical will keep people frozen in their seats afraid to invest...
hey if you all keep hollaring about a correction, one day your gonna be right...will you then say "I told you so"???..sure it's gonna happen, but so what, who cares..we'll all know it i hope...have some cash ready guys/girls...the next move up might be something out of an Orson Wells Movie...
my regards to all...have a nice Sunday...OJ...... |
