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Technology Stocks : DoubleClick Inc (DCLK) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C (Hijacked) who wrote (2207)	5/29/1999 7:35:00 PM
From: Tai Jin	Respond to of 2902

There was another negative Barron's article on AMZN at the beginning of May - it certainly wasn't a contrary indicator. I can see AMZN making its way down to the 80s. As for DCLK, it got a bounce on Friday and might continue for a few days, but I expect it to fall again (my reading of the indexes and most Internet stocks show the same pattern with more downside over the next few weeks). The reason the Internet stocks are at such high valuations, imho, is mostly due to hype, small floats, and analysts trying to manipulate investors into thinking that their price targets are reasonable. Fundamentals will rule in the end. Unless a company is incredibly profitable and demonstrates incredible growth there's just no way to justify some of these valuations. Current valuations mean that many of these stocks have no room to grow in the future because they've already priced in 5-10 years of growth. In 5-10 years, most people will already be connected to the Internet and growth will slow considerably. All I can say is that the analysts are very short sighted and looking to make a quick buck at the expense of long term investors. ...tai

To: Thomas C (Hijacked) who wrote (2207)	5/29/1999 9:26:00 PM
From: sandman	Read Replies (1) \| Respond to of 2902

ThomasC - Yes, DCLK may actually trade higher but don't forget that most of these companies have razor thin revenues and no income. I don't think that they should be worth Billions but if the next guy is willing to pay - the sector will continue to do well... But the facts remain that most of these companies will stumble and fail to register the growth from previous qtrs and then again the market will be right and they will trade under $10...

To: Thomas C (Hijacked) who wrote (2207)	5/30/1999 4:27:00 PM
From: JimMoloshok	Read Replies (2) \| Respond to of 2902

A couple of years ago I started an analysis of Barrons and stocks they write about -- usually negatively. I discovered that there is a "Barron's Approach" to investing. You read the magazine on the weekend, wait for a stock to dip on their slam, then buy the stock Tuesday when it is at its low. By the end of the week the stock is usually back up to its "before-article" price. Lately they have had less impact on prices -- first of all because many people who are buying stocks directly are lay people who do not read Barrons, secondly because the information that is in Barrons weekly is available on the Web 7 days a week. Just like Barrons writes about stocks as past their peak -- I venture to say that Barrons is past their peak. A dinosaur of a publication trying to make a last ditch scream as they get stuck in the mud of the Internet that is swirling around them.