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To: Guardian who wrote (5012)4/24/1998 2:46:00 PM
From: slipnsip  Read Replies (1) | Respond to of 9343
 
"IMHO the internet-related stocks already hit hard are likely to be
near bottom, except those that are overvalued still."

If a stock goes up 500% in two months and gives up 20 percent of that gain, is it then undervalued?? After all, it just went down 20%!

To say that internet stocks have bottomed is hard for me to swallow. How many of the third tier stocks that went from 1 to 10 are still in the 5 range?? Is that fair value? Is that a bottom?? Plenty of room on the downside. The question is just when, not if.