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To: ViperChick Secret Agent 006.9 who wrote (4315)4/19/1998 2:50:00 PM
From: webinfopro.com  Read Replies (2) | Respond to of 9343
 
for my basic first post

As Teve put it in Fiddler
You're right and you're right and you're right

How can they all be right -- You are also right!!

There were hundreds of small auto makers in 1924 (BEFORE THE REAL CRASH.) Some of them survive today -- and people made money trading on them every day -- Others have held them and are millionaires -- some had the wrong companies and lost all their money.

Guess what! the same thing is going to happen. The market will "correct" (Too many all time indicators are at all time highs -- and a dramatic shift in optimism is only a newscast away) Even I may have picked the wrong company or companies and be crushed.

That's why I have a few thousand in each of several and sleep easy. If I'm crushed -- At least I know I tried to do it right. I'm into internet and gold stocks (sold some of the latter last week for cmgi at 69). For the record I'm also into cnkt, ibnl, and itvu.

BUT

The money flow world wide is different than any time in history
40x earnings becomes 20X earnings when earnings double.
The net is doubling exponentially.
4 months in this industry is like 4 years in 1920 and the existing players are
becoming more solid each day.
I believe that cmgi(lycos, geocities, engage) and seek are like GM and Ford. I could certainly be wrong, but to think that this medium (which threatens AT&T and MCI) is too big is RIDICULOUS.

THINK BIG -- THINK 2010

weby