I have a hard time saying that a stock that has gone up 20-fold is still a buy.

The type of investors who own this stock are not looking at it saying, 'I'm willing to pay 80 times earnings for this stock but not 85 times earnings,'

This is a classic case of short-term hysteria and mania. Who knows how much longer this can go up but eventually it's going down a lot.

The cell phone companies will have the power to renegotiate contracts and ask for more favorable terms.

The joke is that these stocks trade at 10 times news flow.

Sure there are some smaller names, but they're unattractive to big corporations because their market share is probably 1 percent or less.