Morning, Olu. Yes, i agree that the Nets are risky, (witness my painful NSOL experience of last month). However, please elaborate on why you think the next few days/weeks are an especially precarious time for the Nets. Afterall, the markets, CPQ not withstanding, seem to be perking up with the Nets.
My worry over the Net sector is it may experience some post-tax time weakness, just like last year, when the runup began with YHOO's blockbuster earnings and climaxed with XCIT's earnings the next week. However, The Net and its companies have had one more year to mature and develop (i.e., the critical-mass levels reached by AOL, YHOO and EBAY, the emergence of the online brokers, the fascination with broadband plays like ATHM and RNWK). Although i'm no expert on charting, i think the short-term future looks nice for the likes of GNET, BRCM, VERT, DRIV and CNET.
Yes, we will have a pullback, possibly as early as next week (i'm not too high on YHOO or AOL), but IMHO it's a little too early to get out this week. |
