>I am holding 600 Amzn shares now and at this point, I will be happily settle for $138 by 7/27. No other net shares.
Interesting that you have scaled down your target for the earnings run. I sold all my net stocks yesterday:GNET,INKT,AMZN,VRSN,NITE,ITVU.
(I am on vacation right now, and learned that my stomach cannot tolerate this volatility, with an alarmingly large amount of my capital in net stocks).
I still think we will have a modest earnings run, perhaps starting next week. With a time frame of a week hold (at most), it truly is time to look upon these stocks with a most cynical eye, and invest in those with the greatest chance to move. To me, that means AMZN and YHOO among the bigger names- YHOO is a crazy stock with unbelievable volatility that is probably an excellent indicator of net mania. When YHOO starts acting like the market leader it is (in terms of less volatility), that will truly signal the end of net mania- unfortunately, I am sure that this will be a trailing and not warning indicator.
Any thoughts on other stocks for this time frame? I am considering GNET, BVSN, VERT, and DCLK.
Some newer issues are also intriguing: EELN, CARI, ARBA, but I am not sure how these will respond to anticipated e-run. Their small floats make them alluring, but their lack of price history is un unknown to me. Can anyone comment on behavior of similar stocks (i.e. recent IPO in net sector) during previous e-runs? |
