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To: Manish Aurora who wrote (6468)	3/11/1999 11:50:00 PM
From: Joe S Pack	Respond to of 41369

Manish: I am not here to bash you. But you know that any new technology/technical revolution always entails a large premium based on people's expectation. Look at Biotec in early 90s. Now Internet. However if you analyze rationally Internet is a far better technology in terms of success than biotech thanks to FDA and big pharmas. I don't want to lecture on virtues of these technologies. If you think seriously and want to be rational then stock market itself is as good as going to vegas. We base our models on assumptions (which may or may not hold after a few months/years due to advances in technology, competition, overall economic condition etc.) and people bet based on those assumptions. So to put it in a simple way traditional valuataion models (PE,PSR...) does not hold true in almost all internet companies. So what? Who says traditional models are always good? -Nat

To: Manish Aurora who wrote (6468)	3/12/1999 12:08:00 AM
From: LLCoolG	Read Replies (1) \| Respond to of 41369

Manish, With all due respect, you are wasting yours and our time here. Go find a Philip Morris or oil driller board. Many people here are holding at least a 4 bagger, just from October. Whatever you are selling, nobody else here is buying. You can talk about "value" all you want, but value players who have stayed away from technology companies the past year have lost out on the opportunity of a decade. Whether it continues, nobody knows, but most of us won't lose even a fraction of what we have gained no matter what happens. Regards, G