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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: J. C. Dithers who wrote (4754)	4/23/1998 2:20:00 AM
From: Michael Collings	Read Replies (2) \| Respond to of 9343

Well said Les..... On the subject of the internet stocks, I do see a major correction in the making, yes seek could rally on a good earnings report, but I believe these stocks have gotten ahead of themselves, hence my short position. Unfortunately I am also very bearish on the market and not a believer in the "new paradigm" theory. Companies whose earnings have grown at 10 or 15% per year in the last three years have gone up 100 to 300%. That simply is not sustainable. This market is in the hands of impulsive speculators and that is not something I would risk my retirement on. I have sold all my long term positions in the last several weeks (albeit painfully) and have only puts and shorts left. With companies like Seek YHOO and the likes, when they get so far ahead of their fundamentals, regardless of the future prospects, they tend to come swiftly back to reality. And then they will only trade on their fundamentals going forward. The fundamentals don't warrant these prices yet. The recent run ups of the third tier penny stocks is almost always a sign of a top. And actually the massive speculation going on in this market may very well be signaling a market top. There are many signs that are showing themselves, low mutual fund cash, advance decline line is weakening, stocks above their 50 day moving average declining, etc. It tells me we are in for another 1000 point correct at the least (and possibly as much as 4000 points). I hope you all take a close look at your portfolios and at least have a game plan in place if things start to get tippy. No one ever lost money taking a profit. It may be a time to take a little money off the table. I wish you all continued success...

To: J. C. Dithers who wrote (4754)	4/23/1998 10:25:00 AM
From: Ed Zhao	Respond to of 9343

>>Anyway, I just want to say how appalled I am at what has become of both threads. I don't know how long this decline in taste and standards has been going on ... I wouldn't have the stomach for backtracking through the posts.<< That is an indicate that the stock is widely over hyped. IOM thread started with serious discussion but since early 96 the discussion quality started to deteriate. The number of posts exploded but contains few real information. As history tell us, IOM became overvalued since then. XZ

To: J. C. Dithers who wrote (4754)	4/23/1998 1:32:00 PM
From: cm	Read Replies (1) \| Respond to of 9343

<<OT... To Les... >> Les, as you addressed your earlier post to me, I just thought I'd answer. (You may not have been singling me out... I realize.) I want this room back as it was not too very long ago. Honestly, with the possible exception of a couple of TLindt threads and one very, very respectful room at a biotechnology stock, I thought we had one of the best rooms going. (I'm sure all rooms feel that at some point or another, though.) A little sleepy for sure... even (sometimes, especially) on days when you'd think you'd hear whoops of joy. There was fun, information, analysis, some singing of the blues, vacation summaries, chumming around, and a general climate of good-natured give-and-take. And rather dwelling on what or who might have changed this, I'm envisioning what, I feel, will be again. I, for one, am back to feeling REALLY good. (Shook off some flu-ish-ness and caffeine withdrawal symptoms and am now ready for what may come.) And, when such day arrives that the air is fresh in here again--and somebody wants to play a little catch out on the commons--I assure you, I'll be here. And, thanks, for your post. Best Regards, c m