Paul is right ... ML's Blodget noted in a bulletin dated August 18th "In introducing the 1999 Holiday Basket ...", naming AOL, Yahoo!, Amazon, Barnesandnoble, eToys, @Home, Inktomi and Lycos as possible +50% to +100% goodies by Christmas. Internet shares are catalyst and sentiment driven. Q4 is strongest for three major B2C value-drivers: traffic, advertising, and commerce. Leading shares tripled between August to January. This year's holiday online commerce should be at least 2-3 fold last year's record. Better accumulate too early rather than too late. 5-10% allocation. But be prepared to hold long term (I interprete that as "things may crash as well"). That, and some company specific comments is all Blodget wrote.
I hold AOL, Yahoo!, @Home equity, shorted Yahoo! Puts and Calls, and am checking out Inktomi.
I do not like the dot.com B2C companies such as Amazon and eToys as I believe the bricks&mortar companies eventually will punish the dot.coms by hiring expertise, offer options, digging through their warranty files, and come up with the online eyeballs. I do not like Barnesandnoble because they are not really ready to play prime time (stodgy still). Lycos ? why buy #2 when #1 Yahoo will do so much better.
5 short months to go. |
