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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (3832)	11/25/1998 10:52:00 PM
From: Bonnie Bear	Respond to of 5676

it's a curious thing, this internet. I use it every day, I've been using some version of it since 1980. Back then we felt a bit guilty because somebody had to pay for the infrastructure costs, and it wasn't the users...it was usually the U.S. government. Well, when I use the net, I DON'T PAY A CENT to any of these internut companies. And I don't pay a cent for all that infrastructure. But what I DO pay for, month after month, is my ISDN from SBC (Bell telly) and higher PG&E costs. The only items with high barrier to entry is the high-bandwidth pipe and the power plant. Electric utilities are cheap and offer treasury-like dividends. Maybe this is the bonanza the 1929-era utility investors were looking for. It only took 70 years to get here. I'll place my money on the company where I have to pay the bill, month after month.

To: bobby beara who wrote (3832)	11/25/1998 11:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 5676

bb, it hard to belive that you converted to a day Treamer <gg> No mater which yardstick you will use if you speak about buying a business or a piece of it what ultimately matters is you actual return on equity, not return on your "shares". Now stock market is a fiction place were in theory you buy a piece of business but actually you buy a piece of paper at a price which is discounted based on some future anticipated value. In a nutshell you buy this piece of paper with the hope that in the future you will find a fool who will buy it from you at higher prices. Wen expectation are growing around 2% to 3% a day you start to sniff mania, but wen they go up 5% to 10% a day is mania going GAGA. Same apply to Internet stocks. Sorry if offended. BWDIK Haim