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To: Goldbug Guru who wrote (112)6/8/1999 5:37:00 PM
From: uu  Read Replies (1) | Respond to of 963
 
Goldbug:

It is always interesting to see that most people go by the price of the stock rather than the actual company valuation.

> no way I'll be selling my shares until it hit at least $80

WOW! That is a market cap of --- lets see --- oh yeah. $80 * 50 million shares = $4 Billion! hmmm... with 4000 customers and already at over $1 billion market cap (and losing money big time), $4 billion market cap is easily achievable if they can get all 1.2 million customers that are trying to go after! But since they have god as their executive vice president of marketing, I am most certain they will get all 1.2 million customers. So hang in there, not only $80/shr will be reached you may in fact end up selling at $8000/shr. This is one company that may in fact go to the sky and moon (literally)!

Good Luck and Best Regards,



To: Goldbug Guru who wrote (112)6/8/1999 6:07:00 PM
From: Goldbug Guru  Respond to of 963
 
DJ 10765.64 -143.74
Nas 2474.56 -49.65
30 Yr Bond 5.987 +0.02

June 11 PPI, Retail Sales
June 16 CPI
June 30 Fed

All the negativity out there is actually good for the stock market, a sinking stock market forces the fed not to tighten interest rate. Inflation data like PPI, CPI could raise the fear of a interest rate hike but it also raises the fear of a stock market crash or halt the growth of a booming trickle down economy. The bottomline is interest rate hike is not good for business, Mutual Funds, and investor's portfolio. Bank Stocks, long term bonds, utility stocks, technology stocks, and so on ... will all end up in a slaughter house. When the average americans start losing their hard earned money in mutual funds & stocks, the spending maniac due to the wealth effect will come to an end than you'll see the US economy dive into a deep recession. I don't think the democratic party will like to see that happening in the future.

There's just too much money on the line, Wall Street will have to support this market whether they like it or not. I don't think Greenspan will raise interest rate, even if the fed does raise interest rate. The rate hike will be puny & the market will be off to the races again.

Dow 12,000
Nas 3,000