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To: zax who wrote (14902)10/31/1998 9:06:00 PM
From: HiSpeed  Read Replies (2) | Respond to of 27307
 
I can appreciate your concern over these i-nut stocks and their consistently lofty valuations. However, do we have any reason to think that the trend has changed all-the-sudden? Each one of the "BIG 3" that is mentioned in this story has ramped liked a Viper outrunning the little piggies behind him. I wouldn't be too concerned about conspiracy theories unless I were shorting these stocks and then constantly averaging up. I'll resort to the old fav: the trend is your friend. Why fight it here? Why will it change today, or next week, or next month? No doubt, a considerable percent of the run-ups in these stocks is due to shorts getting hammered, no? Perhaps these stocks would have stayed at 'more reasonable' valuation had not all these logically thinking folks not bet the farm against them. jmo.