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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (120)	7/13/1998 10:00:00 PM
From: White Shoes	Read Replies (1) \| Respond to of 338

Gary, please understand this is only a 'take'...a 'quick take'. Doesn't a lot of this seem like a land rush to you? There may be gold in them thar hills but in them thar hills nearby them thar hills it may be fools gold or a really low grade of ore. Slightly off topic, I can't believe anyone would name an online service "Snap!" or that anyone would pay so much for it. But I guess if you're gonna overpay for "Snapple" then someone has to overpay for "Snap!" and "Zap" is next in line. I always thought Snap was a hand cleaner for oil and grease. Although some allowances must be made for the high growth techstock fields I ultimately do support Peter Lynch when he says "avoid hot stocks in hot industries". In this internet area the hero-to-zero-and-back-again cycle seems to be accelerated. This time next year we could be buying NSCP for $12 and XCIT for $20. Unlikely but I do think we'll see the opposite of today's bullish sentiment in a year or two. The real leaders like YHOO may never look back on the other hand.