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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: THOMAS GOODRICH who wrote (21618)	11/23/1998 9:10:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 50167

>>Some of these high flyers for example, AMZN, YHOO, etc. will likely become incredible shorts when everyone runs for the exits at the same time. Stay tuned, some of these stocks will be amusing to watch.<< Unlike previous times, eg biotechs, oils, techs, semi's etc which went to the stratosphere and came crashing back down to earth, it was very predictable the intys are totally different, at the very beginning of an industrial revolution, a few of them will crash and burn but some will go onto even higher ground. Just last month I was reading a new letter which was saying how YHOO was so over valed at 120 that the money supply would just not be there to take it any higher and it is the best short on the plannet. How many people are deciplined enough to get out with a 20% loss? What about 40%? what about 80? What about margin calls? Well they were right, there isnt enough money supply to take YHOO to anything higher than 120. Except by using the cash the bears had. What a lot of people dont seem to look at is, Its not the bulls who are taking AMZN and YHOO to astronomical levels, Its the stupid shorts themselves. After almost 10 years of sure bets shorting anything over valed, complaceny and arogance takes a big toll on the ignorant. What about those who shorted AMZN last month at 70? Can they take it to 300 now? Sure they can..