The NASDAQ crashed. Many of the high flying Internet plays got hit even harder than the rest. These are the times to buy. If you consult previous "Roaring 20" portfolios for 1998 or 1999, you'll see that I favor pure web plays or ecommerce infrastructure plays - "platform plays" in short.
Last time the techs were in the doldrums, you could have bought companies like Netscape and Excite for peanuts.
I am going to start the game going with the following three stocks which have absolutely crashed - they are no-brainer buys right now:
BOUT
INTM
ASKJ
for fun let's add the following stocks:
ATHM
YHOO
AMZN
GNET
...all of which I am bullish about.
And a small e-retailer:
GDEN
please add your own suggestions of major web or ecommerce plays which would be good buys at this time. We'll throw them together, call it the Roaring Back portfolio, and see where it will be at in 24 months. My target is a 500% rate of return in 2 years. The Internet Economy is for real.
Deal?
Andrew
PS I reserve the right to reject any and all suggestions, but am not tough to convince if your arguments are good. If you want to try to promote some obscure hardware gizmo with corrupt management trading in the pennies I suggest you find another place to do that. |
