Lizzie:
From Briefing.com Friday:
11:17 ET ******
B2B : The B2B group's tremendous run is over - at least for now... Stocks such as Commerce One (CMRC 194 5/16, -41%), Ariba (ARBA 170 11/16, -19%), Purchase Pro (PPRO 141, -19%), VerticalNet (VERT 151 3/4, -17%), Retek (RTEK 76 3/4, -38%) and SciQuest (SQST 77 3/4, -15%) are well off their recent highs, as the fast money has moved on... There are exceptions, of course... Net Perceptions (NETP) featured on this page yesterday as an undervalued B2B play is up another 3 3/8 to 39 1/4... But for the most part investors have opted to bank profits... And who can blame them... Despite the ongoing retreat, each of these stocks is up big on the year... Will the sector snap back in early 2000? Yes and no... If the other hot money sectors are any clue, when investors return to the group they will do so with more discretion... The focus will be on the handful of names that are seen as dominating the group longer-term... At this point, Briefing.com sees Commerce One (CMRC), Ariba (ARBA), Vignette (VIGN) and Oracle (ORCL) as the group's clear long-term leaders. -- PJO |
