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Technology Stocks : Tekelec -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (1208)	12/11/1999 12:28:00 PM
From: BWAC	Read Replies (1) \| Respond to of 1648

"The best hope here is that the Fed will become much more aggressive with interest rates and try to halt this absurd speculation" WT, I agree 99.99% with your response, but not with the above quote or thought. Interest rates, in my opinion, have little or nothing to do with how some people are speculating on Hype.com. You could raise them to 10%, kill the rest of the market off, and the ipo mo mo crowd would still go ape over the next Linux. Interest rate policy will not change them. Secondly the economy is good. Maybe great. But I think everyone is overestimating the money being made and its result? It is a very small portion of the population that is reaping the benefits of Hype.com trading. Despite what the media tells us and the sensational press coverage these ipo's are getting. Although an argument could be made that the spending of this small population is creating work for many others. Do you realize that 1/3 of the people required to file tax returns pay ZERO tax? (Credits such as child care net out to zero) Further 60% file 1040 EZ returns or the close equivalent. Are these people running up credit card debt in expectation of Hype.com gains? I think they are just scraping by to make ends meet. Their spending won't change, its not discretionary. The one sure thing that would put a stop to the Hype.com craze is a huge heavy heady dose of investor education. Coupled with some responsible reporting by the media. These types of stocks represent only a small part of the market, yet garner 80% of the CNBS daily coverage. And even if these two factors converge, the Market Makers and the addicted Hype.com daytrading Gamblers would still continue on. The problem right now is that these "professionals" are sucking the unknowing, the uninformed, the gullible, and the dreamers into their web.