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Re: More wealth monitoring
On 12 Dec 1999, Oleg Goldshmidt wrote:
>
> LNUX is the stock ticker of VA Linux Systems, Inc. Closed on Friday at
> $218 (IPO price $30). It was actually traded at $320 on Thursday. The
> current market capitalization is $8,654.95M - that's 8.65 BILLION US
> dollars. Not bad, not bad... Shall we send a collective congratulatory
> email to Mr. Maddog & Co.?
Maddog doesn't work for VA Linux. I already congratulated Chris, Rob,
Larry and others there myself. apperently also Bruce Perens is one of
the new multimillioners on their board. :-)
btw, you look at those numbers and miss important bits of info: the
market is bullish on Linux, obviously TOO bullish. an IPO price of $30
jumping almost 700% before it opens in the market, breaking EVERY record
in NASDAQ history. a friend of mine lost almost $5000 on them that first
day because they opened too high and immediately fell. me on the other
hand was too afraid to invest in RHAT when they stayed almost static at
80-90 for 2 weeks and was rewarded by it jumped alomst 300% in a week...
so while those people are billioners on paper, it doesn't mean the
situation will stay that way, and it's not a healthy state either. those
companies are outperforming (see the Market Cap comparisons forwarded
from Bloomberg, see the P/E ratios), and somebody, sometime in the
future, when the market gets some sense, will lose their pants on those,
and the short sellers will party. I don't welcome that day, and I fear
it to tell the truth. I just hope it comes already and people sober
soon, or it will be very painful, for the investors as well as the whole
market.
--
Ira Abramov ; whois:IA58 ; www.scso.com ; all around Linux enthusiast
"Calling EMACS an editor is like calling the Earth a hunk of dirt."
-- Chris DiBona on Dirt (Open Sources, 1999 O'Reilly and Associates)
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