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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: Sili Investor who wrote (12104)3/19/1999 12:59:00 PM
From: Mr. Forthright  Read Replies (1) | Respond to of 37507
 
<<I guess when it finally does go down, you'll be there telling us how right you were.>>

Success in investing in the stock market is not measured on the basis of one being right one day and wrong the next day. I don't look at success on a day to day basis. If I did, I would lose sight of my long term objectives. And I would also drive myself nuts constantly looking at the quote machine.

Success in the stock market is about having an investment strategy and a discipline which, over a long period of time will generate acceptable returns.

I believe I am right about the Internet sector being overvalued. I don't not need it to go down to be convinced of it. The risk associated with buying Internet companies is too great to compensate for the expected return.

Shareholder value is created over time by organizations which can make a profit selling products or services. Internet companies have yet to demonstrate the viability of their economic models and that they can create long term sustainable value for their shareholders.