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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (16739)	1/8/1999 12:16:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

Being on the sidelines however is fun watching the biggest mania I have ever seen. Bob, I'd agree but for one thing - what will be the effect on the market and other, more reasonably valued tech stocks when the bubble finally bursts? Since I get a knot in my stomach whenever I even think about buying puts again on the internuts, I think I'll miss out on profiting from the eventual collapse. That's OK, but as the bubble grows ever larger, I'm growing more and more worried about the effects its bursting will have. I'd like to think he effect would be as minimal and temporary as the first internet craze from late '95 to spring '96. The tech stock correction that year (June I think) was a great time to buy quality tech stocks. Problem is, that craze is dwarfed in comparison to this one and tens of billions of market value will be wiped out when this bursts. Fun? Like a horror flic, maybe. You know they shouldn't go into the basement, but they do anyway. Regards, Bob