I am not going to short any major names, like YHOO, or AMZN. However,
there are a lot of companies which are up just because, for no reason at all.
The way I see it, there is a major scam going on, led by brokerage houses. They make too much money underwriting and hyping internet stocks. I would suggest that Ticketmaster IPO wiil be a short term top
to this madness, like EBAY was the last time. People have major profits to secure.
I was playing relatively safe, and I have doubled my money. I can imagine what kind of profits have people, who where taking risks.
In any case, I will be very careful. Who knows? This madness may continue a little bit longer, than I think.
On the other hand, I will start buying brokerage stocks. This guys made a boatload of money on internet, by underwriting and market making. They will have a helluva quarter.
Than again, these are just my opinions. |
