Hi pals, been pondering Internets (so what else is new LOL) and here's a thought: we've really just been looking at the sector going bigtime for a year now. A year ago Amazon was 27 and GNET was 14. For a few years before that a volatility pattern was established in the techs, but the internets aren't just techs, they're something new. Retails, financials, entertainments, telecoms patterns come into play here as well as the tech aspect. And always remembering those Big Bear Tracks on the biggest aspen, as Jed pointed out. The trading patterns of this sector haven't been well-established yet; and in that short period of time we've seen some Internets and Technets outstrip earnings per share of quite a few more established Companies in their older sectors. To us, it's the goose that lays the golden egg, but to many, it threatens their status quo. Just one of many articles lately (in businessweek) talks about <<fund managers aren't worried about new individual investors bailing from slow funds to invest in nets and making big profits - because that money will only come back to funds when amateur investors get burned as the bubble bursts. Fund managers aren't worried about not possibly being able to keep up with internets in their funds outside of that sector either, because the Companies in those funds are established and more secure than the no-earnings internets and (here's that watchword phrase again) these Companies don't have "only baseless profits" like the nets.>> Been thinking, in the wake of some fabulous revenue and earnings announcements this quarter...got some territorial folks out there needing some time to collect their thoughts about these doings and how it affects their status quo, is all. They need some time to figure out how to squeeze their lemonade from the lemon, and they will. All Aboard.
909,
Joanie |
