Hey All,
I'm looking at stocks like AMZN, CMGI, DCLK, and other "Internut" stocks. These things are absolutely hated at the moment. I've seen this before. The stocks are driven to rock bottom, then they start an upswing and you can never get an entry point once it starts because the darn things go up 5, 10 points a day when it begins. I can't say when or if this will happen, but I suspect it will at some point.
Look at a stock like Johnson and Johnson (JNJ). Why was this stock despised at 65, yet a couple of weeks later people are tripping all over themselves to buy it at 80, 90, 100? Did anything really change in the Qtip and Diaper demand in those couple of weeks? I don't think so...I'm thinking that those who hate CMGI at 40 are gonna love it at 60, 70, etc.. |
