The Stock Page
This page is meant for everyone, who is interested in stocks. At times I will post my personal opinion on this page. This information can be used at everyone's own risk. Mind you, no one can see what the future will bring, certainly not me.
Tech stocks still look overvalued (4/4/2000)
Despite today's wild session on the Nasdaq with the index down a staggering 13% at the low of the session, tech stocks still look overvalued to me. The rally late in the day was what I would call a sucker's rally- investor buying on the dip, without looking at the valuations of the stocks. In Europe many Internet IPO's have already failed. Good Examples are Lastminute.com in the UK, Lycos Europe in Germany and World Online in the Netherlands. World Online today stood at e17.50, down almost 60% from its E43 offering price just three weeks ago.
NEWS
NOS teletekst
Nina Brink will not resign from the board of directors of World Online, despite outrage in the investor community about her sale of shares in the company 3 months before the float at one seventh the offering price. Nina Brink cashed in for roughly E100 million, which at the offering price represents 3% of the company and 30% of her holdings in the company
