To: catfish1957
Like I said reminds me of AOL, no assets and it's market cap was bigger than most hard asset and bricks and mortar companies and it buys Time-Warner with it's overvalued stack and within a very short time it crashed and burned.
Poor “Ted Turner”, for example, went from being worth several billion to about $1 Billion.
Alibaba is like a and E-Bay but on a larger scale and set up a little different but again has no real assets, what will happen to it in a real economic meltdown?
To: Captain Peter Blood
I luckily steered clear of the dotcom debacle back in 2000. I had only one small spinoff position (100 shares or so) of a b2b web based REIT company. It IPO'ed at $2 in '95, reached $150 by '98, and then $0 by '04.
There will also for a lot of these "e" dynasties too. Even Apple. Like I say on investment threads, Apple is only and always 2 bad products away from a 90% correction.
17 posted on
09/20/2014 8:45:23 AM PDT by
catfish1957
(Everything I needed to know about Islam was written on 11 Sep 2001)
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