We are going to see a lot more dillution via splits and IPOs:
<Twenty-three Internet stocks have split this year, including Ameritrade (AMTD: news, msgs), CMGI (CMGI: news, msgs), Doubleclick (DCLK: news, msgs), EBay (EBAY: news, msgs), America Online, Inktomi (INKT: news, msgs), Amazon.com (AMZN: news, msgs) and Exodus (EXDS: news, msgs), according to CommScan Equidesk. This week alone, Exodus and Amazon.com announced more split action. 2-for-1 splits. >
We are heading deeper into the dog days of summer during which the nets will at best trade in a range, IMO. This may be near the bottom of the range but I would not bet heavily on it. |
