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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (6460)	1/9/1999 2:27:00 PM
From: MARK BARGER	Read Replies (1) \| Respond to of 14427

LT, I stole this from a Big Dog post on the Drillers thread. It's going to be fun watching this market the next couple of months! RE: drillers, They make can go down another 20% from here, BUT as cash starts looking for a place to go, and with any Asia pick up, the OSX will look like a safe place to park some funds IMO. At any rate check this out: This is from a Yahoo msg board.... Every stock advisor I have seen on CNBC in the past month has advised against internet stocks. Yesterday, one was talking about what will happen when the collapse comes. He said that a lot of people think they will be able to sell and get out, but they won't. Even with a stop loss, there has to be a buyer in order to stop the loss. With no buyers, the bubble will not go down like a flat tire. It will burst and disappear like a soap bubble [my analogy, not his]. I listed five companies (FGI, RDC, PGO, VRC, RIG) that could be bought TWICE for the market cap of EBAY. EBAY had sales last year of 6 million dollars. The five companies listed had sales of three billion, three hundred and eighteen million dollars. I hate to belabor the obvious, but that is 550,000,000 times the sales of EBAY. Since you could buy these companies twice, it is really over a billion times the sales of EBAY. If your friends do not see that they are on a bubble that is going to burst, your warning is the most you can give them. They will lose everything. I guess what you have to guard against is being too smug after it happens. They might slash your tires! Have a nice weekend all Mark