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Technology Stocks : Akamai (AKAM) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (406)	12/30/1999 1:03:00 PM
From: Rupert	Read Replies (1) \| Respond to of 695

IMHO the only thing nuttier than buying this at these levels is shorting this at these levels. Since I originally posted that I thought this is overvalued, its market cap has increased about $12 billion. I've no position in this but it is incredible to watch. Someone buying this stock today with the hope that it will double for them is betting that it will be worth several billion dollars more than GM. However, unlike CMRC and QCOM, the 52 week range on this suggests that the longs aren't looking at new cars and houses just yet. I don't get involved in the mania but I wouldn't bet against it either. Nothing really surprises me anymore, except perhaps CMGI. Bought at $13, sold at $105, missed out on a further 165 points...