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Strategies & Market Trends : Yahoo and other bubbles...when will they burst? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Mansfield who wrote (38)	2/2/1999 12:35:00 AM
From: Bonnie Bear	Respond to of 139

The problem, my friends, is that bubble currency can be traded for real property and currency in a heartbeat. I live in silly valley..the return on my house is 14% after tax per year for the last ten years, it's gone up 70% in three years. Things at the hardware store have gone up more than 50% in the last year. We have screaming hyperinflation, it's gonna spread like wildfire unless somebody in the government admits there's a problem. Just watch interest rates...they will tell you about a bursting bubble. 1982 was not a fun year.

To: Dave Mansfield who wrote (38)	2/2/1999 1:54:00 AM
From: Howard Hoffman	Respond to of 139

Today was the first day in a long time that the entire group (or at least the 10 or so that I track on PointCast) all finished down. The chart on EBAY is especially bearish. EBAY has failed 3 times at 300 and formed a downward sloping wedge. Or perhaps it will evolve into a 3-headed head & shoulders. EBAY is in a gap-filling process almost sure to take it down to at least 230. There was in article in the WSJ today about how the bubble has already burst for some Internut stocks. Perhaps this sector will come down stock by stock with the strongest ones last to fall. The strongest would be AOL, probably followed by YHOO. As hard as I try to envision a "soft landing" (the opposite of a bubble burst), I find it nearly impossible to envision. The best scenario that I can conjure up for the sector is a couple of years of swinging back and forth, with institutions desperate to put some e stocks on the books, picking up shares every time there is a 30%-50% correction. Today was the first day of trading without the January effect. Tomorrow should be interesting. I believe that the decline will continue tomorrow and that it will be an orderly decline. There was a lot of selling on the declines toward the bell today, usually a bearish sign for the next day.