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To: TsioKawe who wrote (79374)6/15/1999 12:31:00 AM
From: American Spirit  Read Replies (2) | Respond to of 119973
 
The shorts have had their day. I'm going out on a limb here to fearlessly predict that by midday tomorrow this correction will be over. The vulnerable nets will be flat on their asses and the best ones will start boomeranging back. Not that far back but back.

The internet frenzy was overdone in April. Now it's overdone on the downside. More than 50% reversal. Massive short-covering, bargain-hunting and longer term investors will start scooping up shares en masse. The PPI numbers won't be bad. Greenspan or somebody will calm the markets. We have a GREAT economy going here. No reason to panic.

Example: ONEM's subscribers are now valued at only about $700 apiece.
Call that overvalued. Some may say yes today but they won't be in the near future.