Ynot, of course we have discussed WHICH Inets are worth owning. DCLK is the no brainer, based on their being the leader and their earnings history. Everyone knows that I have never liked AOL or Yahoo. . . But do like DCLK, AMZN, SEEK, ATHM, EBAY, EXDS, SIEB, NDB, JBOH, TURF and others. . . just not E-commerce. . . earnings are important this time around. . . and earnings with low float are even better. Surprising to the upside just as good. . .but NOT to the down. . . the street is going to select their Inets carefully. . .we already have done so.
As I said, today there were some great Inet rebound bargains. Did I say DCLK to 75 and ATHM to 85? Seems to me those were the bottoms I picked a while back. . .pretty close.
What did we sell these at? 150 to 200? Not bad. . . remember, they are not going to zero, despite what Barrons or others might lead us to believe about the internet.
Nobody is pulling the internet plug. . .that is simply nonsense designed to manipulate the thinking of individual investors.
Generally speaking, I don't like this Russian presence building in Kosovo . . . so we are definitely not going full bore yet. . . .some initial positions and even some selling of the rebounds is healthy, but cash is still king.
Rande Is |
