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To: Thomas J. Smith who wrote (118970)4/19/1999 7:00:00 PM
From: hsg  Read Replies (1) | Respond to of 176387
 
Thomas, I concur. What a lot of investors do not realize is that the market cap on a lot of recent (2-3years) IPO's is based on a limited % of shares floating on the market as much of the float is restricted by IPO covenants...when these shares come to market they will knock prices down to more fundamental levels (based on revenue/earnings, not hype). I think the internet is fantastic and that many of these companies have great futures....but remember that the when the nifty fifty came to an end in the 70's IBM took 10 years to regain it's price...will it happen again...of course, and lots of small investors will get CRUSHED by greed...still, lot's of us will make money as well (hopefully), but you have a market that goes up cause everyone keep buying, and they keep buying cause it keeps going up...gotta end...is this the end though?



To: Thomas J. Smith who wrote (118970)4/19/1999 7:01:00 PM
From: edamo  Respond to of 176387
 
thomas...kudos on your inet air effect posting...

you are a new man....quite presentable when cleaned up...a bit more time off and you'll be talking 10k's with the chuzz...i'm impressed..good luck, ed a.