Nobody called the Nasdaq hitting 5000 points for the first time in the last week of 99 "a bubble".
I was part of an ownership group that sold
www.sharkyextreme.com to
www.internet.com for $7.4M in November of 1999, and even at that lofty valuation we had no idea what was coming.
Within just six months, that $7.4M would have dropped to less than $1M in terms of a realistic price. That's how out of control it was.
Bottom line: We got lucky. Anyone claiming they "knew" the bubble was about to pop wouldn't be posting on GFY. They'd be sitting in their Boeing BBJ sipping thousand-dollar-a-bottle wine before landing, because they made billions by shorting the hell out of the tech sector prior to those fateful months in early 2000.
And there are a few who did exactly that.
