Forum Archive Index - February 2000

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
> http://www.goodreturns.co.nz/features.phtml?datex=949347484
> 
I've read this article Mark.

My summary:
"Since the tech companies don't have a track record we can't value 
them on earnings.  So because internet stocks are obviously part of 
the future we should buy in anticipation of huge gains in market 
share."

At one stage 'Amazon.com' was priced on market at a higher valuation 
than all the existing bricks and morter US book market retailers.   
Many of these IT stocks have already got  wildly optimistic 
future scenarios built into the share price.  Do these Internet 
retailers really think that all the existing retailers are just going 
to roll over and all the competition go away?   

There is no serious discussion  on how we should discern a 'good' 
internet stock from a bad one.  I'd give the article   1/10. 

At best this article is one mans opinion.   I can't see any evidence 
that Taylor Young has done any homework on this topic.   And as for 
being a New Zealand article, it is quite clear, when they refer to 
autumn at the end of 1999 it has been cut and pasted from an American 
site. SNOOPY






-----------------------------------------------
Sent by David Tennyson on Pegasus Mail v2.55
  I have Microsoft Word 97 to read attachments
Reply to  tennyson@caverock.net.nz
-----------------------------------------------

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.