To: $Mogul who wrote (102128 ) 5/2/2000 8:00:00 PM From: gizmo&jack Read Replies (2) | Respond to
Mogul, you are right to a point. The market will go down again at some point and then shoot right back again. The only thing that can be counted on is volatility. Because absolutely no one has any idea how to value technology stocks today. It's that simple. The new growth rate estimates are completely unpredictable, so proper revenue or earnings multiples cannot be applied. We are living through pure speculation which amounts to nothing more than psychological warfare. Of course, in the long run, I believe many of these stocks are obviously for real and will make me super rich with my core positions in 5 or so years. But in the short run, it has become a joke. The only thing that prevails is mass hysteria. BTW, WEBM posted unbelievable earnings, but many on the Yahoo thread think the earnings were poor. That's another problem: tons of morons are screwing up the logic of the markets. These are the people who lose all of their money and then cry about it and blame it on research analysts. Hey, the research analysts are corrupt as hell as is everything about the IPO process and Wall Street in general. But no one says you have to listen to anyone but yourself. Anyway, I've said it before and I'll say it again. B2B is for real and the giants will be WEBM, VERT, ARBA, CMRC. WEBM might possibly be the best of the bunch, because one of the biggest fears for the others is that established business set up their own exchanges and by-pass b2b providers. But WEBM associates with them as well. Just look at the PRs. This company works with everyone and is fast becoming the standard enabler of b2b allowing everyone, regardless of system type, to communicate in XML. A no brainer, but hey, AT&T's earnings were bad which in this absurd market will have more of a negative effect on WEBM than WEBM's own earnings, so I'll just buy more tomorrow if it dips. No company can fight the market these days.
