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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (14682)	10/19/1998 6:04:00 PM
From: Roger A. Babb	Respond to of 18691

Kevin, sorry about your indigestion. I have been investing for over 30 years and every few years a new group of stocks come along that are supposed to play by different rules. These new rules last for a while followed by the crash. Every time they say "it is different this time", but in the end the result is always the same. The only way it will be different for the Internet stocks is if they actually do produce earnings sufficient to support their market cap at a market average PE. And RNWK will not achieve this with no-revenue license deals. Tulips by any other name are still tulips.