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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Dante Sinferno who wrote (206)	3/2/1998 7:08:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

I get the feeling that many people believe that there is little or no risk left in buying stocks like YHOO or ATHM. When story stocks like these fly into the multi-billion market cap levels, you have to wonder exactly how much are people willing to pay for all the future revenues and earnings. There is absolutely no rhyme or reason to these valuations...which make them extremely dangerous shorts in the short term, but great performers if there is even a tiny economic downturn or slight disappointment from the fantasy growth expectations.