The internet is world wide growth phenomena, growing 300 percent a yr. according to the latest gov. statistics. I believe it's the macro economic trend fueling this stock group. The leaders are so far Yhoo, Aol, and Amzn. Look at what the telecos' are doing. The At&t deal will move things in this industry faster.
Mark,
If this were true, then internet infrastructure companies like ASND, CSCO, WCOM, CIEN/TLAB and LU -- companies that make considerable profits in their own right -- would themselves be doubling and tripling in price in 8 weeks time. Even AOL seems undervalued in comparison to YHOO and AMZN. (How often does AOL, the portal of choice for the masses, get a 10% up day followed by another and another and another and another?)
Does anyone know if there is a natural "limit" for these balloons? AMZN, for example, has almost tripled since it was at 40 a month or two ago. I'm wondering how much -- percentage-wise -- IOM ballooned before it popped, and likewise PRST and before them, the biotech stocks.
Gary Korn |
