To: Apache Indian who wrote (649 ) 5/4/1999 8:17:00 AM From: Michael Seymour Read Replies (1) | Respond to
AMZNs eventual meltdown is exactly what INSP and other profitable internet business models need. I have long thought that the e-tailers are going to bring an end to the excessive speculation of the internet frenzy. When margins are still negative at some point in the future, one of them will put its hand out for more money to either the debt or equity markets and there won't be any takers. This will be a defining moment in internet investing history. Public perception will be that the money that has funded all of these ventures will be on the verge of drying up. While this is not necessarily true, that will be the perception. The herd will panic. This will be the day that the entire internet sector seriously corrects. Not the 10% stuff we have seen from time to time. In the meantime however, people will gradually ween themselves from the comfort of the YHOOs, AOLs, AMZNs and their big names and begin to seek out the most profitable models that could likely support their share prices. INSP will benefit significantly from this shift, hence the bulletproof designation by the Red Herring magazine. We got a good thing going here folks. In the short term, an AMZN swoon may hurt us a bit, but those investors are hooked on the net and will look to put there money elsewhere. In addition, the top money managers who are under increasing pressure to invest in internet companies will reward the INSPs of the internet world. We just have to shed some of this volatility so we're more attractive to the big money managers. Hold long and strong, be far-sighted and not near-sighted like the day traders. Sorry for the pontification, just like this stock alot. Comments?
