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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (38548)	3/16/1999 7:10:00 PM
From: Zog	Read Replies (1) \| Respond to of 94695

Bill: Been lurking on this thread for years (I remember your call on the morning of Oct. 27th, and alas, I did heed it), and I am following your BK call closely. In fact I am short one of the inut (following my own signals), a very scarry position to be in. One question I have is, is it really possible to have a BK in this day and age, particularly in the inut stocks? I don't want to talk like one of those "new paradigm" folks, but I just don't see how with so many retail (i.e., online) investors in these things and so little institutional ownership, that the price will just fall uncontrollably. It seems to me that the BTDers either will not sell (isn't J6P the last to sell?) or just go shopping. Of course, the MMs can drop the prices on little volume, but that would imply collusion among the MM's, something which I am sure doesn't happen <vbg>. I have really become a bear on these inuts. I am just amazed at these stocks which trade at price to sales ratios of over 100 (and of course no earnings!). I understand that they may represent the future, but if that is years down the line, how can the price continue these explosive moves for all those years? I guess they must use a negative discount rate to value these firms! Michael