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Technology Stocks : Discuss Year 2000 Issues
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To: flatsville who wrote (5635)5/5/1999 11:31:00 AM
From: Christine Traut  Read Replies (1) of 9818
 
Ah yes. Ms Esther speaks.

<"I don't think there are going to be disasters, but just enough elevators will stop, causing millions of people to have bad days," she said. "There is going to be a change in sentiment, and people are going to notice most of these [Internet] companies are not making any money.">

I'm happy that she is talking about it, but I think that she has the timing wrong. Esther has an IQ of about one gazillion, but her emotional perception is not at the same level. As I've said before, 'it's the uncertainty, stupid'. And that uncertainty starts a lot sooner than the point at which elevators break. My guess is late summer/early fall.

Anyone who is sitting on incredible profits in Internet stocks is going to weigh that profit against the chance - just the chance - of disruption. I think that some of them will decide to take the money and run.

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