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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Brian Moore who wrote (73125)	1/9/2000 6:59:00 PM
From: Tommaso	Respond to of 132070

Harry Schultz and James Dines were talking about gold twenty years ago in much the same way. Don't miss the boat!

To: Brian Moore who wrote (73125)	1/9/2000 8:20:00 PM
From: Freedom Fighter	Respond to of 132070

Brian, As a software consultant at one of the largest financial institutions in the world I can only say that there is a difference between a technological revolution and an investment opportunity. One must have a workable business model and not a seemingly unending supply of greater fools to finance unprofitable and unworkable ventures. For those that will be successful the matter of "price" and "value" are still key determinants of ultimate investment success. Wayne

To: Brian Moore who wrote (73125)	1/9/2000 10:02:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

brian, i think the web is revolutionary (maybe a little less than the telephone) and it will change how business is done. i also think that this transformation will not only not improve company bottom lines, in general, it will deteriorate them. why? my view is that consumer ignorance is the single GREATEST contributor to profit margins. people pay 10-20%+ more for items or baskets of items they could easily get cheaper - but don't know how. remember, that 10-20%+ doesn't increase profits 10-20%+. that 10-20% is pure gravy in many cases. 100% profit. the net makes it so easy for the average consumer to compare prices and deals that, in the end, the consumer will win big. the net is a commodity market place on steroids. i have bought $26.50 worth of health goods for $1.50 delivered to my door. i purchased an electronic item for 40% off low retail. i purchased a $40 book for $9.99 delivered to my door. twice. i received next day air shipping from a net drugstore - and 50%+ off. twice. i went to another company and received a similar deal ex shipping. you want my business? show me how much money you are willing to lose to get it! ;-) the deals are AMAZING! so amazing, i can't shop until i get another deal. now, ask yourself... why are all these deals being offered? b/c there are too many netizens chasing too few e-com sites? no way! e-hype is so extreme that the supply of e-com sites is flooding netizens. they must offer goods for free to get customers. building more e-com sites will only make the smart consumer get better deals. will they be paying me to shop at their e-com site next year? i hope so. the internet is really cool technology. it is very efficient. it will not improve margins. rather, it will reduce them b/c customers will become educated and price comparing will be so easy. watch in wonder.

To: Brian Moore who wrote (73125)	1/9/2000 10:22:00 PM
From: Bill Cotter	Read Replies (1) \| Respond to of 132070

Hi Brian; I suggest that you read this article about some of the IPO fraud that is going on. msnbc.com

To: Brian Moore who wrote (73125)	1/10/2000 1:17:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Brian, It is always those who are closest to the accident about to happen who don't remember the details afterward. Your comment about new cos. not always making a profit is true. But, in normal times, they don't sell at huge prices until they prove they can survive. BTW, I heard the same comments in the early 1990s when I was buying puts on the biotech stocks, but, then, nobody remembers that now. <g> All of these fluff stocks and most of these cos. will go to hell in a handbasket if the Fed ever turns off the money fire hose, and before that if the currency and bond get much weaker. BTW, most stocks were down last year in this greatest speculative bubble in history. This year, it will be even easier for the sane put buyer to make money while the Ponzi scheme folks die a slow, agonizing financial death. This, of course, does not mean that the Net will not continue to grow. Computer sales continued to grow in 1969-1970 while the stocks declined 80%. We're are not talking business. We are talking silly valuations and how they fare in a less manic environment.