Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (42541)	3/8/2000 12:56:00 AM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 99985

I think your assessment is right on about net companies panic buying market share. 150 years ago the same thing happened with railroads. JP Morgan got rich rounding up buyers of railroad bonds and stocks. The railroads were building like crazy to get market share. When there was real competition (two railroads serving the same market), neither railroad made money. Some of the markets never grew big enough to enable a single railroad to do much more than cover operating costs. While a few railroads made profits, most of them did not and were eventually bought out or went bankrupt. Same thing happened to automobile companies early last century.