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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (2627)	2/6/2000 3:39:00 PM
From: marcos	Read Replies (1) \| Respond to of 3543

Among the highest of the flyers has been gnet, trading now at a market cap over two and a half billions US, around seventy times gross sales per annum ... as per their PM of 24/01 they plan to shut down classic SI 'in the week of 7 February', so this could be the last day for what imho is, or used to be anyway, the best site on the internet. Message 12791146 Could this help make it a short pick, a market leader in the slide and a sign of the times, i wonder ... there will be other internet outfits that deteriorate as attempts are made to stop spending to gain market share and to begin the process of milking them for cash.

To: Mad2 who wrote (2627)	2/6/2000 4:49:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 3543

Not the assumptions I want to justify the current price of stocks I hold. Once again, those are traditional valuation models that some treat like the Ten Commandments, in the original stone tablet version as they came down from the mountain. Why all the resistance to change here? Wasn't the world before WW2 just a shade different from what followed? Wasn't 19th century industrialization distinguishable from early 20th century technological innovations? Didn't economic models have to change? So why is the the first part of the 21st century - an era driven by quantum leaps in technological change - allowed to be different from the mostly industrial/commodity based economy these models are based on? An economy that seems to have largely come to an end sometime in the 1980's, I would add. About the time that computers began to move from the mainframe environment to smaller enterprises and the individual user. That is the high road I am trying to describe. The "pro-bubble" voices out here are making the traditional case against the "it must always be thus and ever so" crowd that resist every change ever seen in human history. End of speech. The soapbox is yours. Apologies for being flippant here.

To: Mad2 who wrote (2627)	2/6/2000 4:59:00 PM
From: Dale Baker	Read Replies (3) \| Respond to of 3543

Here is an anecdote whose importance for investing still isn't clear to me, but I know it will make a difference: On a recent trip to the US I looked at video cameras at three brick and mortar stores. Found the model I liked and knew I could pay $899 to take one home right away. Instead I went online and ordered the identical model for $714 from a discount house I never heard of before. Now, Panasonic makes the same wholesale price from my purchase. BBY and the other stores lose money because I bought the camera online. The discount house has to beat every other store in the country to get my business so margins are terrible. But it is easier than ever for me to buy the camera so consumer spending is strong. The only winners I see are the companies that made it possible for me to find the camera and buy it online in the first place. That's where I put my Internet investment dollars. Not the zero-margin retailers or the old fashioned stores facing online competition.