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For awhile there this AM, Corvis (Rev=$0) was sporting a bigger Cap than Seibel (Rev=$1B+). Now that they've flipped places again, I feel a lot more confident going forward.

I'm sure a great many momentum investors will make money on Corvis (in both directions), and it may turn out to be a great company some day. Perhaps even a gorilla. But $27B Cap for a company with nothing but promises and potential? Give me a break.

On the bright side, this kind of idiocy will cause the NASDAQ to crater again and again, presenting opportnities to buy our favorite gorillas "on sale", until all the morons have been shaken out.

Thanks for the opportunity to rant,
Joe O.
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