Jim, your points are well-taken. However, I believe this rotation is due to institutions, not retail investors, as you suggest. For example, i read the 500 posts in the last 24 hours on the aol thread and i don't see a lot of selling going on, even though the stock tanked 50 points in the last few days (real time, rebounding as is the entire inet sector). Many individual investors like myself love these inet stocks, understand these inet stocks, and can't afford to sell these inet stocks. After all, in my case, i am in ebay at 15 (split-adjusted), so i don't care how much it tanks if holding it allows me to avoid taxes.
By the way, thanks for your contribution to this thread. One reason I read it is to temper my own bullishness. However, as the bulls have generally been right so far, it is always nice to see confirmation of one's own view <g>. Rob |
