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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (12670)	5/3/1999 8:58:00 AM
From: HairBall	Respond to of 99985

American Spirit: Well, I salute your "spirit", but the "internutz" market is nothing more than another emerging market. Sure there is great potential, but most of the "inutz" have "only" made it on speculation and the gambling mentality of the “new era” market. What was the “just as important” emerging market prior to the “inutz”? Your right...telecommunications! Do you know how many years it took MCI to rise above penny stock status??? A few... The bottom line is I expect that the "nutz" will have to give much back, as many will be shaken out when reality finally brings back realistic valuations. And, it will happen. The Market always has and always will work back to equilibrium…eventually. Then the true performers will emerge into to real companies, with real earnings garnering the appropriate valuations. Of course, due to the vast sums of money garnered during this manic period, some of these “inut” companies will make it in spite of the original business platform, by diversifying with that money. Anyone that thinks valuations will not return to a more realistic historical norm...is just another "new era" investor. Now, don't get me wrong, there has been and still is lots of money to be made in these "inutz", as long as the gambling casino (herd mentality) still allows unlimited anti's....<g> Heck, playing these “inutz” has made this a great year for me. Who cares what the story is, the “inutz” only have to have “a” story, to run! Of course for most…the trader be nimble….rule should apply! For some that invested in the few right companies early, they will most likely avoid the pain of the “guitar” strings oscillating back to equilibrium, as the speculative fingers that plucked them eventually release… Regards, LG