Back to work. Joan RE: GNET we may see some profit taking on it post split but this will only be a buying op for those who missed the boat on GNET(if it happens). The twenty point + gift last week was sweet (sold some GNET at 113 or so and bought it back at 80+, a gift).
GNET is slowly becoming a big boy internet and once an internet splits, most take off and never look back. Have you looked at GNET's company news this past week? Can anyone tell me of an internet CEO that has asked the Street to RAISE earnings?
I'm just glad that my pals were in GNET with me for this one. Seems like yesterday Joanie was holding her nose and jumping off the GNET cliff with me. GNET was in the thirties, smart gal that Joan. Triple 909er.
With all the selling in techs and internets there are some screaming buys and some stocks I would avoid. First "THE" avoid. For years I've told people to avoid HWP, even called its 52 week low. Get a ten foot pole, AVOID this stock. As I stated long ago the only way HWP would make a number is to cut exps and in other ways limit its talent. That is how the made they number this time, not the "HP Way".
HWP will remain a mess until shareholders demand that LEW PLATT hits the bricks. Lew is what is known at HWP as a "non-performer", a 2 at best on the relative ranking system. The kind of employee HWP as a company would not let remain in his job with his performance, any other employee would improve or go, yet LEW PLATT stays. Want to see HWP really turn around? "A little off the top please".
Also I'd AVOID AOL at this point. Their two forms of trying to get you off line ( You've been idle and a timer warning even if you pay for unlimited use) may be a sign that AOL can not handle the new customers it is signing up. Remember what happened to their stock the last time they could not handle things? It got killed.
Buy GNET if you want to invest in a solid TYPE I internet, AVOID AOL. I own no AOL and I am not short on it. I just believe the company is a bigger risk than many if not most internet stocks. I wouldn't touch it with a ten foot pole. Besides any company that list dog stocks for its investors to talk about but doesn't even call GNET an internet stock, is a company presenting an inferior product.
DELL is a buy for me as DELL still is the computer company to own. I believe the lack of revs was due to first time computer users who wanted to go online and do it with a cheap computer. DELL's loss was CPQ's and others gain.
Now that DELL sees their error they will bring to market computers in the low price range while still having top of the line computers being bought by guys like me. This is a DELL I use now, it never has had a day of down time or any other problem. DELL's tech support is number one. Small wonder my next computer will be a DELL? You get what you pay for.
That I use a DELL has nothing to do with me being a shareholder of DELL but quality. I own DELL, IBM and CPQ stock but my computer is a DELL. DELL stock is on sale, the only thing wrong with DELL is we expect too much, we expect 50% revs growth, not 30 or 40%, 50%.
MSFT and several other high techs are oversold at this point (and yes I do believe the MSFT sell off was caused buy me buying the stock not the hearings).
Many internets are oversold and I will soon post a list of those stocks I think are going to fly. Due to how the media reports on internets you must find the truth for yourself. Here is something I looked at the other day while doing research. Think of the media and your answer to this question. Which stock was the best performer for the past 100 days? YHOO, AOL, DCLK, CMGI, AMZN or GNET. No fair peaking below. What "internet" stocks do the media beat to death? AOL, YHOO or AMZN must be tops, right?
GNET 472%, DCLK 369%, CMGI 365%, AMZN 267%, YHOO 214% and AOL 210%.
We are lucky to have a board/thread/tread (where you leave tracks) where we can talk about the truth about stocks, share opinions and talk about anything else we want to. Were lucky to be pals. 909ers to all, BLUE |
