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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?

To: WaveSeeker who wrote (562)	8/1/1999 5:18:00 PM
From: AlienTech	Respond to of 1214

You forgot the +5 on EELN.

To: WaveSeeker who wrote (562)	8/1/1999 6:56:00 PM
From: Richard B. Haenisch	Respond to of 1214

Waveseekers et al., I have been watching this market ever since i-nets have started to become the darlings of Wall Street. There are a few misconceptions that have bothered me for quite some time now. CNBC constantly commenting about how worried Wall Street is about day traders. Major B. S.! Wall Street "LOVES" daytraders, because A) most of them (over 80%) lose money and B) Wall Street uses them to create extremely overvalued market caps for these internet stocks. Why do you think investment bankers are ONLY issuing (floating) about 10 - 15% of the outstanding shares of an I-net company. Because it is much easier to manipulate the share price with a smaller float. How else were AMZN, EBAY, NTBK and PCLN able to rise so dramatically in such a short time period? This formula, first applied by MM with AMZN has proliferated throughout the investmnent banking world and has created billions of dollars in profits for VCs and IBs (venture capitalists and investment bankers). Using technical analysis, P/E ratios, earnings, bookvalue or other indicators is no longer as important as sector, float, underwriter and PR. We can all benefit handsomely, if we keep our eyes on those all important NEW market indicators! Caveat Emptor! NEVER, EVER use all of your hard earned money to benefit from this strategy! I only use 50%, the rest sits in LU, EMC, CSCO, WCOM and MSFT. Rico p.s. I am a firm believer in technology!