Gary, good to hear from you "uncloaked". No need to be a stranger to this thread though, if only occasionally. I, for one, would appreciate a periodic reminder of your upcoming TV shows (or perhaps a pointer to the same over at thestreet.com). We do get Fox News on Cable here in the Palo Alto; I think it's shown early Saturday, and a little later on Sunday. No doubt you and JJC will become even more famous through your show, perhaps even Hollywood Movie stars. Just last night on "Saturday Night Live", they did a parody of "Wall Street Week" that you might study as a prototype :)
Now, are you saying the nets are "really dead" here, Gary? Or could this be another fake-out move, which will just shake out and margin out many of the small guys? From my perspective here in the middle of Silicon Valley and knowing many of these companies up-close-and-personal, it looks to me like they are in the middle of, and driving the biggest economic dislocation in the history of this nation... so tell me, are AOL, YHOO, MP3.com, Go2Net, and the like (including TSCM!) just going to suddenly become worthless, and trade for low P/E's, because the Bond guys are nervous about job numbers and commodity prices? I don't buy it.
The problem with most of the people who fear these stocks will go "down for the count" is, they don't understand the magnitude of the revolution being brought by the internet - literally, changing the nature of virtually every business, globally. These companies are driving the cutting edge of all of that! As an investment, I only like a few of the best ones, sure there is a lot of crud out there, but that's really what we're talking about - the best pure-play net stocks.
That's why I'll be a buyer, when all of this interest rate baloney blows over, and Wall Street comes back from it's summer vacation...
Best regards!,
-Steve |
