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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: donald sew who wrote (14263)5/18/1999 8:53:00 AM
From: Carl R.  Read Replies (2) of 99985
 
Yes, but in this developmental period most stocks will grow rapidly. Some (many?) will grow into bankruptcy, and other will grow into profitability. PSRs of 100 are not unusual these days. But if sales are growing at 400% a year and stock prices are not <VBG>, these will eventually fall in line for the successful companies without a major disruption in stock price.

My point is that while certain (many?) internut stocks will crash and burn, there will also be some some (many?) notable successes. My guess is that the e-tailers will be the least successful group as there are less barriers to entry, but I could be wrong. When I think of these internuts I think of all the hot radio companies of the 20's. My grandfather bought stock in Sleeper Radio, but fortunately he also bought stock in RCA. I heard someone say that they expect that 80% of the current crop of internut stocks to be gone in 5 years, and that seems like a reasonable guess.

Carl
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