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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Michael G. Potter who wrote (10093)	1/11/1999 3:51:00 AM
From: Patrick Grinsell	Read Replies (2) \| Respond to of 16960

OT: The internut stocks... So far as I can discern, everyone that is saying the Internet stocks will go higher are basing 99% of that analysis on past performance. I will tell you right now that there is absolutely no justification for Amazon to be worth 25 Billion dollars. Barnes and Noble, the worlds largest bookseller, has a market cap 10 times smaller. If 3dfx had a market cap of 10 times the market leader (ATI) the stock price would be about...$1,500...per share. This head-in-the-sand style of investing is also know as the "greater fool " theory. I've even seen the argument used on this board:, "I know it's overpriced, but there is always a moron bigger than I am ready to buy this stock." When the day or reckoning comes, and it will come, I won't shed a tear for those led or leading others to their ignorant financial ruin. Pat