Autobytel (ABTL) - Buy Autos online Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Autobytel (ABTL) - Buy Autos online

ABTL 7.020

+0.3%

Oct 6 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Ounce who wrote (549)	2/16/2000 2:24:00 PM
From: Bill Ounce	Read Replies (1) of 594

Bear stages sneak attack on Net stocks usatoday.com Time to face the hard truth: The Internet bubble has burst. [...] On average, each stock in the Internet 100 is down 38% from its high, which by even the most optimistic definition qualifies as a bear market. [...] Some of the Internet's best-known names sport the biggest bruises. Amazon.com is 35% below its high; America Online is down 44%; Barnesandnoble.com is down 60%; eToys is down 83%; and Charles Schwab is down 50%. Several once-popular stocks, such as Autoweb.com and Emusic.com, now trade for less than $10 a share. [...] Behind the burst This fad ended as most do: Each time investors move to the next hot Internet sector, they trash the previous leaders. [...] The biggest victims so far: Online brokers were the first to run up, but also the first - and worst - to stumble. These companies, which last year were supposed to put old-line brokers out of business, have watched as their stocks have lost two-thirds or more in value. [...] DLJdirect is down 77% from its 52-week high, Net.Bank has lost 80% and Ameritrade has lost 75%. E-retailers, are behaving like limping steel companies did in the '80s: Their stocks are collapsing. Executives are taking huge restructuring charges and laying off employees. Investors apparently now consider some e-retailers no sexier than glorified catalog sellers. [...] But some doubt e-retailers will ever regain their cachet with investors. "E-retailing was a fad for investors," says Tim Loughran, professor at Notre Dame University. "It lasted eight months." [...]

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next