In my view, AMZN and SEEK are two of the major I-net stocks that still have huge short term upside potential. Both stocks are about 30% away from their 50 weeks high, while most other major I-net stocks are at their 52 weeks high. Look at AOL, EBAY, CMGI, XCIT, etc. As soon as AMZN breaks $150 major resistance, we should see a rush toward $200 in no time. As for SEEK, it could reach $100 in next couple days, barring any major market down turn. In fact, my feeling is that DOW is gonna break 10K either by this week end or early next week, NAZ should also tests its old high of 2500 in the same time frame. If that does happen, AMZN should break through $150, maybe trades at $180 range. SEEK should be easily trading at $100 ~ $110.
Good luck!
MB |
