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To: Marc who wrote (10032)1/7/1999 1:52:00 PM
From: Sun Tzu  Read Replies (2) | Respond to of 16960
 
Seriously i don't get it !!!!!!!!!!!!!!!!!!!!!!!!! Is it a JOKE

Then I suggest that you read the book Delusions of People and Madness of the Crowd it may help you understand why Isaac Newton said "I can predict the movement of heavens, but not the madness of the crowd". As a side note, I remember a time when Asia was considered the next great engine of world growth and just whispering the name China or Asia near any stock caused it to fly to stratosphere. They all came down crashing to earth. I am just waiting for the liquidity in these issues to improve so that I can short them the way I like <G>.

Sun Tzu



To: Marc who wrote (10032)1/7/1999 2:02:00 PM
From: Ben Wu  Read Replies (2) | Respond to of 16960
 
--- OT ---
Internet stocks

i remember about a month ago i was getting a haircut at a local barbershop and there was this lady there on a cell phone obviously talking with her broker about buying Yahoo. She hung up and started telling everyone to buy Yahoo and how it was a great company... blah blah...

Then i asked, do you know what the P/E ratio is? The earnings? Even the business model? All i get is a blank look. Multiply that look
by the thousands of barbershops all over the nation and you get the picture. No one cares about fundamentals, At this point, everyone is looking for some quick cash... it's part of the american dream. money with no work, completely guiltless... all that new money the aging baby boomer generation is flooding into the market... where does it go? into whatever is going up at the moment... and what's going up like mad? Internet stocks...

All i know is that this internet thing is gonna bubble over and explode one day, and the fallout won't be pretty (but i've been saying that for the past 6 months, so i could be wrong =) )...



To: Marc who wrote (10032)1/7/1999 3:46:00 PM
From: Stuart C Hall  Read Replies (2) | Respond to of 16960
 
OT: Internets

Confessions of a conservative investor:

I bought several stocks to the attention of friends a few months ago. QLGC, BRCM and ATHM. All have doubled since October. I never invested due to fear except for ATHM (now average price of 70)

I got so sick of watching AMZN have daily gains of 30+ that last week post split I put $1500 into AMZN figuring I'd single handedly put an end to the insanity by ensuring a rapid price deflation. I know, crazy. But you know what.....I have a 25% gain already and have moved up my stop limits.

I also got into CMGI on Monday at 130. It's now at 169 thank you very much. I feel it is the strongest of the Internets in that it is leveraged into different areas all related to the strongest economic driver of the next 10 years, the Internet.

I wouldn't recommend investing in AMZN. I can't believe that I did. But I would recommend finding your own CMGI and ordering up a small piece for your portfolio. That way as the Internet grows you can sit back and enjoy your own 30+ point gains and not have the nauseating feeling of watching it all go by.....

That's what I did and I'm having a blast watching the returns on the smallest part of my portfolio offer me the biggest gains. Just make sure it's a small piece of your portfolio, that you're not investing in an EBAY or tulip bulbs and that you are catching it on the way up.

Enjoy!

Regards,
Stuart