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Subject: UKNM: lastminute and tech stocks and shares
From: Rory Teeling
Date: Thu, 23 Mar 2000 17:52:19 GMT

I have been reading with interest the comments on the
lastminute (and other technology) shares plummeting,
and particularly the post analysis of why this is
happening (lastminutes unsupportable business model

This assumes that the financial markets work on logic.
They dont - the value of a company is only what people
percieve it is (and those people are usually anally
retentive, overpaid children a.k.a traders). The world
of trading is a closed world - and the rules and
relationships defy any logic.

In some ways it is comforting to know that the world
hasnt changed at all - this kind of boom bust goes
back to the south sea bubble and beyond.

But just in the way that the world didnt learn from
any of the previous bubbles bursting, so we will
probably not learn from this.

Good luck lastminute et al - ride the storm.

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  Re: UKNM: lastminute and tech stocks and, Ray Taylor
  Re: UKNM: lastminute and tech stocks and, Cait Hurley

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