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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (4830)	3/12/1998 9:24:00 AM
From: Candle stick	Respond to of 18691

More internet bashing on CNBC this morning.....an analyst, from Cowen and Co., is saying that the internet stocks are up not on any valuation but only momentum and that it reminds him of biotech in '91, '92 when every tiny biotech was being bought up regardless of value.....back then when they corrected, even the best of the biotechs crashed 50% when the market momentum players bailed and realistic valuation came back....the worst fell as much as 95%...........Richard McCabe of Merrill Lynch is in agreement and states that it is not just internet but even "real " companies like Merck that are just being bought day after day without regard to value......both are in agreement that it cannot last and that a brutal correction is going to arrive suddenly...............;^)