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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: majormember who wrote (825)11/29/1998 12:10:00 PM
From: Shtirlitz  Read Replies (1) | Respond to of 19428
 
I am not going to short any major names, like YHOO, or AMZN. However,
there are a lot of companies which are up just because, for no reason at all.

The way I see it, there is a major scam going on, led by brokerage houses. They make too much money underwriting and hyping internet stocks. I would suggest that Ticketmaster IPO wiil be a short term top
to this madness, like EBAY was the last time. People have major profits to secure.

I was playing relatively safe, and I have doubled my money. I can imagine what kind of profits have people, who where taking risks.

In any case, I will be very careful. Who knows? This madness may continue a little bit longer, than I think.

On the other hand, I will start buying brokerage stocks. This guys made a boatload of money on internet, by underwriting and market making. They will have a helluva quarter.

Than again, these are just my opinions.