YHOO..I would not buy any stock in the low 300's no matter what it was called..since I usually buy in 1,000 blocks that seems an exorbitant amount of money to pay for 1,000 shares of stock.. You have to remember that my average price for a stock is $18-25 a share.. They usually increase 5-10% a trade minimum and maximum 30%-40% (for intermediate hold or just a hi-flyer like GNET, GCTY).. I'd rather buy 3,000 shares of 3 different stocks or even 3,000 of one stock like (i.e. NTBK) for 5-8 point gain, then pick up that many shares of YHOO.. I would however pick up the options for 20-30k if I were extremely bullish on that stock. and yes I do prefer AOL ultimately to YHOO.. and even AMZN to YHOO although these 3 move in tandem usually.
I think next week or 2 will be good weeks for the internets because of earnings from RNWK,VRSN,NSOL, MSPG, ELNK, ATHM and some others. I don't expect less volatility than before but I would concentrate on stocks like VRSN, NSOL, VRIO, MSPG and ELNK. I also think the internets will be mixed and some will be correcting while others are headed up again. I think AMZN, AOL, YHOO, ELNK, VRIO, VRSN will head up.. If on the other hand the internets continue to correct it will be all the more gain for us when the selling finally dries up. So, in essence the longer the correction in the internets the deeper and stronger will be the consequent 'run up' afterwards. |
