Keep an eye on leading INets for signals for the rest of the industry. ATHM, AMZN, EBAY, CMGI, YHOO, SEEK, UBID, DCLK, ONSL, etc.
The recent gains and even the spikes have been short-lived. Speculators jump out and shorts resume control. What we need to watch is not so much the intraday moves, as this is just a churning, which NOBODY wins in the end. . . .but rather go back to looking at technicals. . .
We need to determine when these big guys are beginning to make REAL gains, based on long-term investments. Until that happens, NONE of the Inets are worth much more than as momos, etc.
When we DO get proper signals on this bigger group, then we should hopefully, see similar moves in rest of Inets soon after.
Holding money in Inets for any reason other than short term plays is unwise, in my opinion. I don't see a quick end to this and resumption of our mania in the near future. Hope I am wrong tho.
Rande Is |
