Re: UKNM: lastminute and tech stocks and shares

[Cait Hurley]

I've been thinking recently - this might be winging it but I think there's

a grain of truth in it:


-Many old media sources love reporting new media screw ups

-The mad markup on net prices makes great news in terms of instant ten

million pound teenagers, or even more news worthy - instant ten million

pound losers


What messages to consumers does this stance mean? I've been in a few cabs

recently, and the average conversation has been - ooh, well how do I go

about buying a domain name and making my millions then, and what net stocks

should I buy?


Asking those same cab drivers if they've bought anything online, they'll

say no, but I bought the kids a PC and I think they bought something on

Amazon.


High Street brands (Tescos, par example)  are winning because the users

don't perceive them to be shaky or dodgy in the same way that these net

stock companies are, eh? And you know your credit card number is going to

get taken by some dodgy hacker kid, doncha...


Net result: everyday consumers gettting overly interested in net stocks,

but not actually buying anything because of fear about dodgy, flaky,

overpriced companies.


I'm not quite sure what the solution is, but until old media gets a little

less hysterical everything's always gonig to be arse over tit.


As it were.


At 04:12 23/03/00 -0800, you wrote:

>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

>etc).

>

>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.

________________________________________________________________________

Cait Hurley | mb: +44 0771 8516943 | wk: +44 01442 882648 | icq: 1257510



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

post new media vacancies for free

uknm-jobschinwag [dot] com

 				*******************

 sponsor the uk-netmarketing list and website, contact

saleschinwag [dot] com

 for more details.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  To unsubscribe or change your list settings go to

http://www.chinwag.com/uk-netmarketing or

helpchinwag [dot] com