>Koen wrote:
>>
>> reliable prediction that portals will become *that* important.
>>anyway: not only yahoo and siblings believe in this future, is why they're
>>so (over?)priced.
>
>I suspect the stock-buying public is not sophisticated enough to know what
>the term portal means. Rather, I imagine the typical person's attitude is,
>"Yahoo is a name I've heard of, and my friend Susie got rich on AOL stock,
>so now I'd better buy some Internet stock so I won't miss out on a chance
>to get rich too."
Suz, your analysis is an astute one <G>.
Most of the Net-related companies with high stock valuations will never
make a profit. A few will, and on those few stockholders will get rich. The
majority of these companies will vanish and their paper millionaires will
vanish with them. This is the way the market works.
I believe that after a few more years of profitless activity stock prices
of most portals will plunge.
Investing in high tech companies is inherently risky. I have quite a bit of
money (by my modest standards :) invested in several hundred companies. I
do not follow the market nor am I concerned when it goes down. I'm in it
for the long run, that is, decades. It is a 99.9% certainty that after 20
years my stocks will be worth far more than they are now. What happens in
the interim is of little concern to me.
Barry
--
Barry Lee Brisco <mailto:[EMAIL PROTECTED]>
Web Design & Development - Online Marketing <http://www.ToTheWeb.com>
Web portfolio at <http://www.ToTheWeb.com/portfolio.html>
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