Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AlienTech who wrote (21670)	11/28/1998 9:21:00 PM
From: J. P.	Read Replies (1) \| Respond to of 50167

I guess I was responding more towards the author's reference to prior bear traps which called the end of bull markets in general, not specifically referring to the internet sector. The inventions fueling the overall market cap I'm referring to are all the hardware and software that make up our corporate IT infrastructure which has to be a huge percent of our GDP now. That's why I think the general market has been in a bull for 16 years if you mark the beginning as 1982. And why I think it can continue (with steep corrections of course). I also think that some other things 401K plans, internationalization of our corporations, the baby boomer demographic, etc, etc play a role. RE: The internet sector. I wholeheartedly agree with you that a stock like AMEN is ridiculous. And a company such as BAMM (Books a Million?!) should not pop 200 percent in one day like that, just because it sounds kinda sorta like Amazon.com's business. I'm in a startup software company right now, one that does exclusively fortune 500 business, in the U.S., Canada, Asia, Europe. We have some of the most prestigious companies you can think of as clients. Our margins are terrific, we have all the business we can handle, and we're in a great market sector (PBX integrations, call center computer telephony), yet it's all we can do to make our 100% quarter over quarter increases to take this thing public. And these crummy net companies are getting 200 million market caps just because they are a concept! It is ludicrous, and I agree that eventually people are going to be hurt in these stocks. I don't want to sell my YHOO yet, but a market capitalization over 20 billion? Makes you wonder.