Correct, Dale.
Every week or month another topic is raised and an bundle of stocks goes to the moon in no time.
At the very beginning it were the first tiers which emerged (and are still going, in parts).
Then from mid-November the online malls shot up (they overextended a bit at Christmas). At the time all sorts of data vendors jumped (TRAC, PQT, TSCN, included ...).
After a short episode with on-line apparel, a junk business, sheer all of the e-brokers became hot, noone was left out (even those rose which have no online business at all or are only planning to do so).
For a brief time mail/fax services and phone went warm then.
March brought up the E-media companies.
April brought a rise of a bunch of internet-devoted banks, along with the brokers once more.
Also April brought us a reverse of the old "backdoor" logic. Internet-related VC companies (those who have shown some nice IPOs recently) went up and traded at fat premiums to their books, instead of the usual discounts.
What is missing right now and can go?
E-security (SDTI?) E-software producers (ORCL, EMC again?), E-Cars? (ABTL?). E-Malls once more?
You are right, this can go for awhile, why not. It earns us money.
Any ideas for the next red-hot sector?
IS |
