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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Rubin who wrote (6074)	6/21/1999 1:02:00 AM
From: marc ultra	Read Replies (2) \| Respond to of 15132

Chuck, IMO in a bear market the internet stocks will be so decimated anyone holding them long will take a huge beating and anyone who's left holding on margin will probably be exiting the market for awhile. Marc

To: Chuck Rubin who wrote (6074)	6/21/1999 8:00:00 AM
From: MrGreenJeans	Respond to of 15132

Chuck I believe I can sum up with a few words why many here are skeptical about investing in seemingly overvalued internet related issues: "Price Matters When Buying Equities"

To: Chuck Rubin who wrote (6074)	6/21/1999 9:38:00 AM
From: Justa Werkenstiff	Respond to of 15132

Chuck: Re: "All I am saying is that I don't agree with Bob's "flabergasted" comments that he can't understand why the internets are trading at the values they are at. Bob is concentrating on the market "value," not the attempt of these Companys to capture market share. That's what investors are buying. The future of the internet is awesome, whether or not we get a bear market, they will rebound with a vengence in the next bull, or after a correction, or continuance of the bull market or whatever and should not be obsessively talked down as Bob seems to do week after week. He sounds like he doesn't understand or is completely flabergasted that they are as high as they are and says they shouldn't be, and I am saying other savy investors look at it differently then just simple capitalization or valuation. Matter of fact, most stocks are looked at for their future potential then their current valuation." Brinker understands in his framework what is going on in this sector. He has heard and read your explanation time after time again and gets it. He just does not buy into it.

To: Chuck Rubin who wrote (6074)	6/22/1999 3:16:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

Sorry for being late to the party, but I want to add something to the comments others have made. You wrote: "All I am saying is that I don't agree with Bob's "flabergasted" comments that he can't understand why the internets are trading at the values they are at. Bob is concentrating on the market "value," not the attempt of these Companys to capture market share. That's what investors are buying." Chuck, they can't all gain market share, since it is defined as a percentage of the total market. Sooner or later, the Internet sector is going to be divided into winners and losers, and if you know with certainty which ones are going to be the winners, than your crystal ball is way better than mine. Betting that they are all going to be winners simply flies in the face of historical reality. Personally, I'm not against some participation in the sector, as long as it is kept to a small percentage of one's portfolio, and as long as one takes profits as needed to keep it within that percentage. I do think that you are engaging in wishful thinking when you say that net stocks will not be taken down in a bear market. Investor psychology just doesn't work like that. Usually, the high beta stocks are the ones that will be taken down first.