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To: M CAHILL who wrote (20396)3/7/1998 4:54:00 PM
From: Iceberg  Read Replies (1) | Respond to of 97611
 
*off topic* >YAHOO, excite and other internet stocks, too
expensive for me considering the don't make a profit yet.

M.

Why do you think stocks such as the ones you mentioned [and CMGI as another example] that are losing money, are priced so astronomically? I don't understand it. CMGI, which I shorted the other day at 51 3/4, is trading at 58+ now. Yet the company is losing money! Can you believe that?

Ice



To: M CAHILL who wrote (20396)3/7/1998 8:33:00 PM
From: Jerry Ginz  Respond to of 97611
 
>>If there is a sector change due to tech stocks correcting. What
will they buy?<<

KMart