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To: Anaxagoras who wrote (1278)4/21/1999 3:34:00 PM
From: christopher  Read Replies (1) | Respond to of 1354
 
Join the club, once I shorted AOL long ago before splits when it was 40 because Murphy said "AOL is the debacle of the century, short it now!" Fortunately I sensed the error of Mikes ways and the lunacy of my ways for taking his advice and covered while the damage was still manageable...

Chris



To: Anaxagoras who wrote (1278)4/22/1999 1:56:00 PM
From: BelowTheCrowd  Respond to of 1354
 
> there's no rational reason that makes it necessary that tech stocks and internuts trade in lock-step <

I agree 100%.

But FOR THE MOMENT they are. That's simple, cold hard fact. To ignore that fact, and continuously claim that "it's about to change" is foolhardy and pointless.

I regularly contribute to several of the short boards here and I can't tell you how many times somebody has called an "internet top" based on the same logic.

When we do see techs and internuts diverge, it will probably be due to something nobody expected, NOT due to ridiculous valuations.

mg