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well, for one there is the internet insanity, which I am willingly participating in. DCLK has alot further to go if it is to catch up with it's high flying brethren. At 43 it is still 34 points off it's all time high set this summer. Look around at the other internet stocks and see if you find any that are this far off their high. And DCLK is the leader in their segment, so this disparity is even more pronounced. A few days ago I would have pointed out that ONSL was also trading well off its highs from earlier this year. I owned a bunch of ONSL because I beileve that the internet frenzy will spread to every reasonably well established internet name. Well we saw what happened and is happening with ONSL. Astonishing, ridiculous but true and perhaps predictably so. The leaders (minus DCLK), YHOO, AMZN, AOL, EBAY all have soared to astronomical valuations. The next teir have begun to make their move with ONSL, COOL, MALL etc having fantasical moves last week. Others are now looking to follow suit, notably DCLK, EGGS, OMKT, SEEK etc. Ride this wave while it is here. It is a tidal! |
