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Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (1314)	5/15/1999 12:57:00 PM
From: Danny	Respond to of 2743

"Do the KTEL people wish that they were still long?" Do this math: say you have 50K to invest at the time when KTEL was at its highest point (april 1997). Now, you invest 5K each in ten internet leaders, including KTEL (well, I don't know why you would consider KTEL as the leader. But let's assume you thought so anyway). How much would you worth today? I would say even the most stupid and the least competent person who knows absolute nothing about stocks would have doubled his money now. (100K) The reason is simple, you may end up investing in 6-7 KTEL like companies in that 10 baskets, but as long as you put 5K in AMZN and YHOO, the gain you have far outpace the loss in KTEL(s). What does this tell you? This tells you that the internet industry as a whole is pounding forward. Its future is tremendous. Yes, you may end up picking the boggies in your baskets, but as long as you stay with the group, the profit and wealth generated is beyond your imagination. This is why I never sell any internet IPO that has becoming a bluechip type. And I made bad decisions as well. I still have ONSL bought at 45, UBID at 88. Yes, these stocks make you laugh. But a single EBAY IPO in my basket covers them all. a GCTY IPO makes me smile. and YHOO, ATHM, CMGI and now PCLN make me fearless. People are afraid of a market crash. But even if NASDAQ tanks 200 pts on Monday, my gain in the last 12 months outpace any internet shorters in the same period. And I know sometime in the future, my internet basket will grow even larger.