re: internet stocks.
It is interesting that many state that net stocks are struggling. If one only looks at the DOT and especially the so-called bellweathers YHOO, AOL, etc., it looks obvious. However, the DOT could already be a dinosaur. A year ago there were only a handful of inets to choose from and the mo-mo boys played em big time. Now, after they've split a few times they don't move like they used to. The momentum crowd has moved on...to RBAK, ARBA, JNPR, CMTN, PHCM, GOTO, BRCD, STMP, KOOP, CYBS, etc. While all eyes are on YHOO and we see it down 4 points on an up day for the NAZ, we say, boy the nets are lagging...but do we see that RBAK and GOTO are up 12? My point is that net stocks are not dead--the money is just going into small float, new ipo nets that are not in the indexes. |
