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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (63629)	9/22/1999 6:35:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 86076

MM, looking inside the nutz sector, it becomes clear that the rally has been thinning out as well...lots of the secondary stocks that used to be rallying along with the leaders are completely bombed out...and there is still a veritable flood of IPO's itching to cash in while the getting's good. so we have a similar effect here as we have in the broader market...a few select stocks attract all the money and become crowded trades in the process. the much-touted 'first mover' advantage is an assumption at best. many of the first movers in other former growth industries are nothing but not-so-fond memories now. EBAY p/e = 14,062 - i know that's meaningless, but still...