From the posted article:
In his weekly missive to clients, BancBoston Robertson Stephens' Keith Benjamin said get back in the game
I assume he means to buy....
'We are at an important inflection point in the Internet stock group,' he writes, adding that 'most stocks have already fallen as much as we've seen in previous quarterly patterns. In our view, many investors appear to have given up after recent declines, demonstrating capitulation that typically defines the bottom.'
Yes, I think he does mean a buy...
Of course, he acknowledges that the stocks could fall yet further, yet he thinks that most of the damage has been done.
Oooops.... well, not really... I think he just read the Barons article re AMZN.... (Barons...? who is Barons ? We need no stinking Barons!!)
I think now he is saying to hold...
'While it is almost impossible to pinpoint the exact day of defeat, we believe we are close enough to start to be more aggressive.'
Is taht a sell... or a may be up, but may be down ?...
Oh yes, and Merril is going "on line" (but will still charge full fee for those who prefer it....)
What a collection of Bozos !!
Amazing really, what the Internet is achieving... no I do not mean the reduction in costs... but rather, the new transparency so every one is capable of distinguishing when Moonshine is being dispensed to the "trusting" (read, dumb), public.
I think I will go and buy more Schwab... As of today, I consider them the real leaders of the brokerage industry... no longer a separation between the full service (read stodgy) brokers and the discounters... or on liners.
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