For what it's worth, I saw two analysts on CNNFN yesterday evening (Wednesday)who said that they felt internet stocks were under-valued and that at these levels, people should start to think about buying back into leaders such as AMZN, YHOO, (and of course GNET will move up with them - my thoughts)etc. They also said that YHOO should have a good earnings report (no specifics) and that should start the move back up and give investors the incentive to buy internets again. I know I should have written down the analysts names and the companies they were with, but I didn't. I will next time.
I can tell you that there was another analyst (Bill Fleckenstein) who was negative about the internet stocks. I had never seen him before and at the risk of sounding mean, he needed a shave and a haircut. I hope this doesn't slam any investors on this thread but he wore his hair like he was living in the 70's. Oh well, a comment that stuck out was that he has been in this business for twenty years and it took a lot of know how to turn a profit. But lately with internets, investors think it is easy to pick a stock and make money (before the down turn). He needs to get off it!! Sounds like bad karma to me.
And my last thought, no matter what happens in the next couple of weeks, even if there is a little more downside, the upcoming split will benefit all share holders. Even if the stock splits at the current price, just think, post split it would be very attractive and other investors will come back.
The one thing that will "rock this stock" is for Paul Allen and Russell Horowitz to present their broadband plans to the press and then start executing. They need to make using Go2Net as the portal for the cable ventures their top priority. If you people want to see value in your stock, get them to step up to the plate on broadband. Is anyone going to be at the stockholders meeting and throw out some questions along these lines?
PT "over and out"!! |
