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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (7396)6/1/1999 10:57:00 AM
From: BradC  Read Replies (1) of 12617
 
One new, unpredictable element in the Internet mania which could prompt
a more violent shakeout than in biotech is the enormous role of individual
investors, who appear far less bothered by stratospheric valuations than
institutions. "We've left the valuations to amateurs," says Mr. Mullins.

Mr. McNamee jokes, "The pricing of Internet stocks is very simple. At
$50, Net stocks are cheap, at $150 they are fairly priced, but at $200
they're incredibly cheap again because they're about to split 4 for 1."

interactive.wsj.com
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