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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (39350)	2/7/2000 7:24:00 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 99985

>Seriously, I am going to keep buying the dips. No reason not to, since >it works so reliably. Until it doesnt. Buying the dips was a great strategy right up until 1929, or 1989 in tokyo. Utter financial destruction occurred shortly thereafter in both cases. In Japan's case, their market is still less than half the value of 10 years ago. Would you play russian roulette if each time you didn't blow your brains out you won 100 billion dollars? I think we'd all be surprised at how many investors would consider it. Paying 2000x earnings (99 percent of which is interest on secondary cash) for Yahoo is about as reckless. Since the desctruction hasn't happened yet- i dont expect anyone to believe me. But the absolute truth is that every internet stock except microsoft, intel, sun, and cisco, should be trading on the pink sheets. Hell, once you subtract employee option compensation and monthly "one time" recurring charges, none of those afore-mentioned companies are turning a profit either.