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Technology Stocks : CMGI, eBAY, AMZN, AOL - When will the pain end? -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (4)6/14/1999 5:02:00 PM
From: paulmcg0  Read Replies (1) | Respond to of 47
 
they look like buys here

I'd be very cautious about putting any money into Internet stocks -- I think they will go even lower.

What I am seeing now reminds me of what I saw when I was living in Thailand 2 years ago, when their stock market collapsed. I was working at a telecommunications provider there, who was providing real time stock quotations, and you could see the price of many shares just spiral downward with no end in sight. The closest metaphor I can think of is it was like watching liquid nitrogen vaporize -- lots of violent activity, and it (the money or liquid nitrogen) disappears without leaving a trace behind.



To: Lucretius who wrote (4)6/15/1999 1:50:00 AM
From: Lazarus_Long  Respond to of 47
 
Lucretius, you gotta cut that stuff! You shouldn't take it straight! :-)

A collapse of the internuts has been predicted for a long time. Way overdue. Most of them will most likely never see anything like their previous valuations. For those that do, it'll be years or decades. Many will struggle on for a while, then sink.

Sorry to tell the nutvestors this, but you've been HAD. And good, too.


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