GNET will take a hit, while IDTC will rise (owns 37M Shares NTOP). This is an example of relative valuation, for example Joe Kernan brought up the discrepacy in IDTC's price when it was 28 and should have been at least 36 based on its ownership in Net To Phone NTOP alone, it popped to 35, and came back down, he mentioned it again Tuesday, a slight pop, this is the value of information on valuation. GNET suffers from the AOL syndrome likewise, and especially now that AMZN is again dropping (as it should projecting losses for 3 years due to brick and mortar warehouse/infrastructure investments) this net net internetting effect will hurt GNET but not touch the actual internet incubators like CMGI, IDTC or NVDC, because they are more than just 1 or 2 internet IPO wonders, they have a basket full, and when their "news" is known, they do volume, and their stock pops up, or they are a stopping point (rather than bonds) when internets lose ground, eg. ala Greedspammer and the Fed, rather than plunking it into Treasuries, cause most daytraders are either too small or lack the knowledge of how to park their monies into Treasuries, and at least they do not add to the Greenspan Fed deflationary spiral (Viral) fear mongerings against the market tecks and internets, but thats part of the value, I think, imho, and you can't argue with the market, "the trend is your friend as long as your remember the market is never wrong for long".
I am,
Truly yours,
-Crystal Ball
P.S. good thing Levy's baseball game wasn't batting around my crystal |
