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To: Randy Ellingson who wrote (51469)4/19/1999 5:19:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
> Seems like investors will again gladly take the shares from the >traders

Sorry, when a bubble collapses, there is nobody left to buy the shares. (The definition of the end of a pyramid scheme)

Like many have said in the past, the only thing that could end this mania is for speculators to lose their shirts. It appears that is happening now.

Anyway, thats my last "i told you so".. I wouldn't have even posted this but william and the gang had torn into me with such glee when I predicted friday was the beginning of the end.




To: Randy Ellingson who wrote (51469)4/20/1999 10:32:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
The net stocks did snap back quite a bit. The broader trend is for continued rapid growth of the Internet, for growing on-line trading and for more enthusiasm for any company named .com. I think that the Internet companies are both highly overvalued and likely to get more so before it's seen whether or how much profits they will make. But I will stick to my view of the short-term that new highs will be harder to come by and a pull back this summer is likely.