Joe Kernan and most if not all CNBC cast have been predicting INTERNET DOOM since early April '98. They all said AMZN was way overvalued at $60(before split), YHOO overvalued at $80(before split), LCOS overvalued at $40(before split), AOL overvalued at $70(before split), and EBAY overvalued at $63.
If you listen or follow what they say, you would have missed out on an average return that exceeds 300% in less than 8 months. However, they have always been bullish on GE stock which is up 7.5% WOW!!!!!
Look I'm not here to pull the rug under you but to clarify some key points regarding CNBC. They are very biased in the reporting. Maria Bartolomo,shortly after SEEK announced their latest earnings reports and 3 brokers downgraded the stock, called SEEK a BIG LOSER. Throughout the day SEEK was a LOSER according to MARIA however, SEEK only lost 2pts to $26. Today, SEEK is at $36 and ready to launch GO.COM.
JOE,DAVID,MARK,and MARIA don't understand the internet. Joe doesn't even have a computer at home. He keeps asking for advice as to what computer he should buy. They all make fun of him because they say he wants to get in the internet craze. If you take advice as to the INTERNET's true potential from people that don't even have a computer at home and only use terminals at work, you will miss the biggest thing that ever happened to world economies since the industrial revolution.
Hector |
