I agree that these internet ipos will reach a saturation stage, but by no means will that crash and burn Yhoo, Amzn, Aol, Cmgi, and some of the other leaders
Oh I get it. Just invest in the ISDEX and you are guaranteed super performance...
Lets see now, where does your investment strategy fit in with the MecklerMedia's ISDEX group:
Mark's ISDEX Pick's
ISDX Data from 7/27/98 (the latest Internet World)
- Changes in prices since 12/31/98 -
CMGI: +468%
AMZN: +338%
AOL: +186%
YHOO: +173%
Sheesh... If I'd have known that CMGI was so far out ahead, I might have shorted it over AMZN. Its also lost 20% since 7/27.
This strategy is about as dumb as they come, if you ask me. I would think that a better strategy might be to find the leader in the ISDEX each month, and short it. But I don't invest my money that way, either.
Stupid me, thinking things like profits and business models matter, I try to actually know something about the losers I'm throwing my money at.
I think we've found ourselves a new form of growth zombie, folks.
Call it the MecklerZombie, named after the creator of the index they worship.
-- Zaxbowow
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