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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (426)	12/31/1998 7:03:00 PM
From: StockDung	Read Replies (1) \| Respond to of 3543

Happy New Year floyd <<Here Are Some Stocks to Take Your Profits In: John Dorfman Boston, Dec. 31 (Bloomberg) -- It's time to take a few chips off the table. After eight straight years of stock-market gains, you probably have more of your net worth in stocks than you normally do. The stock market is back to its peak levels of July. Perhaps 1999 will be yet another good year. But if you rode the Internet- stock craze, if you have some stocks that doubled or better in 1998, or if your asset allocation is now top-heavy with stocks, you should consider doing some selling in January. You will probably be selling into a rally, because inflows from 401(k) and pension plans usually make January a strong month for the market. And if you sell in January, you won't have to pay the capital gains taxes until April 2000. Here are 10 well-known stocks that rose substantially in 1998 and are richly valued. In my opinion, they're overvalued. The stocks are listed in alphabetical order. I left out Amazon.com Inc., possibly the most overvalued stock in the market, because I already had my say about it a week or so ago. If you own any of these, consider selling part or all of your position in early 1999. If you're hesitant, you might at least sell enough stock to take out your ''basis,'' the amount you originally invested. From that point on, at least you'll be playing with the house's money. >> <<America Online. For millions of people, America Online Inc. was an introduction to the world of computers, and now has become their gateway to the Internet. In the past three years, AOL's book value has grown 86 percent. Very nice. At the same time, the stock has appreciated 16-fold. Great news if you've been a shareholder, but the two figures are wildly disproportionate. The stock, at more than 600 times earnings, 52 times book value and 23 times sales, is due for a tumble. >>