August, Search Engines Show More RPM Than Just Search
Internet Stock Report August 26 delved into the run in so-called "search engine" stocks that for all intents and purposes were anything but mere search engines. As we wrote: Conventional wisdom wrote off search engine stocks as yesterday's news, pass‚. In fact, in the past year some of these traded as low as $5 per share. Why then has the group shown 141% average gain year to date with Yahoo! (NASDAQ:YHOO - news) and Lycos (NASDAQ:LCOS - news) doubling or better? Welcome to new think. AOL, MSN, CompuServe, Prodigy. In the hybrid online/Web AOL wins so far. But think again. The new world order may very well begin with Yahoo!, Excite, Lycos, and Infoseek.
What do you think William, is it time to move on to another stock? I remember when IOMG ran from < 10 (with short interest of 40 M) to the upper 40s (where short interest had dropped to less than 20 M). Even with such a drop in short interest, some folks were not able to borrow shares to short IOMG in the high 40s. However, I expect triple digit growth in revenues, and rapid expansion by Yahoo! into new markets.
Peter |
