I forgot you have SUNW also. I love when analysts
do that -- downgrade when a stock is down, upgrade
when it's at a high.
It's all part of the market
but it doesn't make it less annoying.
a good article from WSJ on Sun yesterday (on the
SUN board, of course). I also posted one from the WSJ
about AOL yesterday...how AOL always comes back like
Lazarus. It's also on the RB board.
Thanks for the
good, calm posts.
Volatility of Web Stocks Parallels Biotech Frenzy
should be wary of two things in particular
undermined the biotech boom. First is failure of companies
like Centocor to deliver as promised
announcement five weeks ago that losses
would be wider than
expected might prove to be a
Second is the rising supply of new
issues that eventually
overwhelmed demand. Even
though biotech stocks peaked in
the early weeks of
1992, there were still 91 biotech initial public
offerings that year, up from 72 in 1991, according to
Financial Securities Data.
neither failure deflated biotech overnight. "Even after
event like Centocor's very public failure,
investors still refused
to run away and continued to
look for opportunities to be
involved in the
sector," says Mr. Mullins.
Indeed, the group
rallied 25% between June and November.
But then they
slumped anew, and by November 1994 the
biotech stock had lost two-thirds of its peak value. At
its bottom, Centocor hit 5 1/2, and Amgen 31.
Both those stocks recovered, and biotech since
performed well. Amgen closed Friday at
63 1/4, or 253
unadjusted for splits.
The Internet boom is similar to biotech in the
increases and ease with which
unprofitable companies raise
money. But there are reasons
for and against a happier
outcome for Internet
stocks. One negative is that valuations of
companies appear far more inflated. No biotech stock
back then equaled even a tenth of America Online's
value of $122 billion today.
other hand, Internet companies may have better
long-term prospects. Roger McNamee, general partner at
Integral Capital Partners, a Menlo Park, Calif.,
thinks Internet stocks are a bubble
waiting to burst. Yet he
also thinks the companies
have more going for them than
biotech did. "The
biotech industry maybe produced four of five
legitimate pharmaceutical companies, none of which has
transformed the industry. The Internet
industry is already way
ahead of that. It's already
transformed how personal
computers are sold, the
brokerage industry, in a very
Also, Internet companies aren't losing as much
biotechnology companies did. "These
[biotech] companies were
burning incredible amounts of
cash," says Jay Kim, an analyst
at Hambrecht &
Quist. "When the capital markets really dried
lot of these companies came into a financial-survival
article is very interesting and balanced,IMO. Good luck
It's just another day in paradise.
TO SEE IT ALL GO TO HELL IN A
YOU WERE ALL WARNED AND HAVE WATCHED IT TUBE FROM 175
TO A LOW OF 105... 70 POINTS.... BUT NO..... NOT YA
BUCKOS.... YOU HAVE HELD IT FROM 20CENTS A SHARE AND ARE
GONNA HOLD IT TILL IT DROPS THERE AGAIN....
THAT'S THE WAY I LIKES IT..............
HAVE MADE THIS STOCK THE SHORT OPPORTUNITY OF THE
DECADE... THE LAST MONTH AS BEEN SUBLIME... AND WILL
CONTINUE WITH YOUR INEPT INVESTIN ACUMEN......
STOOP ARE THE BEST..... KEEP BIDDIN IT UP... SO I CAN
SHORTS MORE...... YA JERKS ARE TOO GOOD FER
I SPENT MY FIRST MONTH WITH YA TRYIN TA EDUCATE YA
ABOUT VALUE INVESTIN AND THE SPECULATIVE BUBBLE... BUT
NOW THAT I HAVE SEEN YER WAY TOO STOOPID TO
COMPREHEND EVEN THE BASICS OF VALUE I HAVE JUST DECIDED TO
BEND YA OVER ON A DAILY BASIS AND TAKES ME MONEY.....
GRAB YER ANKLES CUZ WE BE RIDIN THIS 1 TRICK PONEY ALL
SO SORRY... STOOPID-SPHINCTERS.........
FRIEND IN INVESTIN.......
Its the typical OTC:BB stock. The price will
eventually end up lower than 10 cents. I thought it would
see 19 but when it hit 14 I got out. IT is too late
to buy aret. IT is done for now. End of story. NO