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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (7396)	6/1/1999 10:57:00 AM
From: BradC	Read Replies (1) \| Respond to of 12617

One new, unpredictable element in the Internet mania which could prompt a more violent shakeout than in biotech is the enormous role of individual investors, who appear far less bothered by stratospheric valuations than institutions. "We've left the valuations to amateurs," says Mr. Mullins. Mr. McNamee jokes, "The pricing of Internet stocks is very simple. At $50, Net stocks are cheap, at $150 they are fairly priced, but at $200 they're incredibly cheap again because they're about to split 4 for 1." interactive.wsj.com