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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: rupert1 who wrote (2515)	7/19/2000 9:47:42 AM
From: Carl R.	Read Replies (1) \| Respond to of 2908

A funny thing today Victor is that I don't think you can find a single company where the people on the chat boards aren't complaining that there isn't enough PR. It's a sad commentary on today's investors that they are so impatient that they can't wait until the end of the quarter, and that they think they are entitled to know every time a company signs up a new quarter. I understand that it is impossible to sustain unrealistic valuations without constant hype, and the widespread presence of this attitude shows just how far the market will ultimately fall when the end comes. I don't expect that to be for 4-6 years, but when the time comes I expect the entire market as a whole to fall 80% or so, and overvalued tech stocks to fall 95-99%. Just remember that historically PE ratios are in the 6-12 range, and they will be again. And also ask yourself, what is a growth company worth without growth because the growth days will eventually come to a close when the time comes for the next recession/depression. But that's a long time off, so let's not think depressing thoughts. Party on! Give us more hype and PR! Carl