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To: Jimbo Cobb who wrote (22247)6/14/1999 11:53:00 PM
From: Captain Jack  Respond to of 41369
 
Jimbo-- just because someone will pay 100 for any Inut does not mean any are worth more than 65-- if that. The Inut game has no new rules just a huge momentum play. Eventually they will all trade with a PE on the high side of techs. If they range until EPS catches up or fall to recover in the future is the question but no matter what none of them can safely be shorted. The momentum is still there it has just swung now as profits are taken, panic selling takes place, and margin calls made. It will swing again... but when and to what extent is still questionable... it is safer to take the ride up than to short stock or leaps.. JUST WAIT UNTIL THE TIDE SWINGS AGAIN...all IMO.