Hi gang, Judi (JouJou1266) will be joining us soon. She will make it just in time for part III of Making a Million in Internets which I plan on doing some time before the Broncos stick a fork in those dirty birds, the Falcons.
I also plan on helping Wall Street and CNBC out by posting in the near future "BLUE's Guide to Valuing an Internet Stock" (as a public service). Every time I hear an "expert" say you can not value an internet, I laugh. And these are the people managing billions of trusting people's monies? Anyway since CNBC and Wall Street can't figure this one out, I'm going to help them.
One more stupid internet remark from Mark H. of CNBC is more than I can take. I'll have to educate this man and others with a mouth and a OPINION but not much in the fact, vision, or imagination department. People without vision often miss out or are late due to their limitations. Sorry Mark but you got it coming. King Greenspan seems to be the only expert that knows the VALUE of certain internets.
It took a while today but investors dying for a piece of GCTY, figured out that CMGI was a backdoor sale as they own 28% of GCTY. I believe CMGI will profit to the tune of $994 Million on that one. (Mark, notice the word PROFIT).
As I said in part one of Making a Million in Internets, there are some internets you SHOULD own if you are going to invest in nets and CMGI is one of those stocks. Common sense question: If internet IPO's are hot and internets are hot, how do you think the internet incubator who hangs on to chunks of these companies will do? What do you think CMGI will turn that $994 Million in to?
Likewise with fewer GNET type companies left without dance partners how do you think GNET is looking to the majors? As I have always said GNET gives you more bang for your buck. Anyone who know anything about the internet knows that ALL top web sites have one thing in common, top rated PF sites and stock chat rooms/boards. That is why I said if CPQ wants to build AltaVista, adding SI and the rest of GNET's technology would be the best move they could make for the price. If CPQ can't figure this out some other major will (if they are not talking to GNET already).
The only other way I can see this going is for GNET to become an IAP and become the next YHOO on their own. One way or the other you have to be happy for the people at GNET. The company and management have put themselves in the position to become rich and I say good for them (and us).
They must laugh when they hear CNBC's "experts" state "the people selling the picks and shovels are the people who will make money off of the internet". Wrong. Some of us are getting rich and the only thing we need a shovel for is the bull---- these "experts" put out.
Living in Colorado, having panned my own gold and being a history buff I can tell you the real truth about who made money off of the Gold Rush. The guys who sold the picks and donkeys, sure they made money but they are not the ones who became truly rich. The ones who became truly rich, staked their claims, worked them, took profits and then sold the claims to those who showed up late. That's a fact. Now what does that sound like?
Also one of the best "paying" mines in Colorado is the "Double Eagle" mine in Idaho Springs. If you have ever drove to Vail from Denver you drove right by it. The Double Eagle was a mine dug into the hard rock that petered out after a couple hundred yards. Today it is one of Colorado's best paying minds although no gold is mined, nor has it been for many years. There is no work done at the Double Eagle but yet it produces.
The Double Eagle is just a hole in the mountain that tourist visit so they can see a mine, thousands of them every year. No workmen, no real overhead, just a cash cow because it is there. The mine without gold has produced alot of money and will for as long as there are people. Any bets when not finding the gold they expected someone called the mine "worthless". It is the same with internets, some can't see value because they have no vision. Some will pay to look at a hole in the ground and some will make money off of them. 909 BLUE |
