I agree with you but the domain universe has changed drastically since the 4L "penny stock" days. When ever there is a "Sherpa" talking about the rarity of domain names they now include the 4L.com names in that conversation not just the 2N, 2L, 3N, 3L and 4N etc. IMO... this is important. In the big picture the 4L.com domain names are scarce considering the amount of those looking for them. IMO the most powerful group of investors (Chinese) to ever enter this market have just started making the waves they are going to create. If you feel the amount of Chinese investors will grow in the next year then it is very difficult to believe the price of Chips are going anywhere but up. Will this happen every day like it has lately of course not. Now if you think the Chinese investors are going to just turn around and exit then you better sell quick but before you do that think about how they came to the idea of investing in domain names. In my experience in doing business with the Chinese they spend a lot of time learning about and preparing for an investment but when they decide to do so they go after that investment like no other nation in the world.
As I mentioned before IMO this is more of a panic after all look at the title of this thread. "Chinese LLLL.com bubble!?" If you just found this thread would think it was a positive thread or a negative thread?
Here is the latest from chaomi.cc
http://www.chaomi.cc/ now ask yourself does that look like a crash of the Chinese domain market?
Cheers