>>>Great Jim, don't ever sell eBay again. This one, along with AMZN, is going to be huge. Yes, CAT will have good businesses in the future thanks to eBay and AMZN. I also need to thank Mary Meeker for the drop. I used this rare opportunity to strengthen my positions, I have just bought all her top pickings. I guess I don't have to invest a penny any more. I only need to ride it out. I feel so comforting that a whole army of leaders are working hard to make money for me.<<<
In a day like today, I'm surprised you are so quick to pull the trigger to buy.
This time it is not just isolated to the net stocks, all the tech stocks are correcting. Without INTC, DELL, CSCO, or MSFT supporting the Nasdaq, the weakness could be long-lasting.
A drop like today always has to be evaluated amidst an attempted rally. For instance, in retrospect the "bottom" put in last Thursday, isn't really a bottom anymore. A lot of net stocks took them out today, and the bounce couldnt even hold.
You really have to wonder where the internet is headed now...especially since no one was really impressed with quarterly earnings so far.
AOL, AMZN, EBAY to report next week. MSFT to report tomorrow. |
