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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Baghul who wrote (3617)7/2/1998 1:09:00 AM
From: Uncle Frank  Read Replies (2) | Respond to of 4903
 
Up over 8! Wow, what a day! A few more like this, and I could break even. <g>

Some wise trader said that a long term investment is a short term play that went bad.
Well, I've been long on nscp for quite a while!

Frank



To: Baghul who wrote (3617)7/2/1998 7:54:00 AM
From: MIKenn  Read Replies (4) | Respond to of 4903
 
>Since PE's don't really pertain to internet stocks...<

This is nuts. This and all other stocks must be valued based on anticipated future profits. Mass hysteria can only last so long and many will get burned. Your attempt at rationalizing based on envy of AOL or Yahoo only feeds hysteria.

Netscape fell because its profits fell.

By the way, that was a nice chart.


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