A recent internet IPO bookseller with extremely small float of 3 million shares!!! Could be very strong tomorrow!!!! Also 2 recent BUY ratings! Get in on the open! don't miss this one! It is just starting to move so there is no downside risk!!! jmo
I do not agree that there is no value at all in these internet stocks. AMZN, YHOO, Ebay, AOL are all good companies. But the problem is that their valuations are sky high, and just like the Tulips, railroads and more recently bio-techs, these will eventually come back to earth.
Additionally, 1.Y2k spending in Feb - April 99 will eat into web ad spending, and web shopping. 2.Q1 99 revenues will decline once XMas shopping/spending is over 3.Retainling is seasonal, and the WEb has not been so far 4.Novelty of the web would have been worn off - how many times have u bought something on-line, just to check it out, and not really needed it. Its great for fun & novelty, but will not continue for ever. You will buy only what you need. 5.Oversupply of internet stocks frmo the IPO boom - a shortage of supply has been a primary reason for the surge in prices. 6.capital spending boom will return attention to companies with Growth and EARNINGS, EARNINGS, EARNINGS.
I am not disputing that these stocks may reach even greater heights. But that will be after Earnings, and growth are PROVEN. But I would make a call of 225 for AMZN, 150 for YHOO, 150 (yes less than half) for Ebay ALL BEFORE March 31, 99.
You're correct, and sooner, rather than later, IMHO. This thing gets heavier every day. I wonder why it didn't go up today ? The overall stock market, as well as, several internet stocks were up, yet this one seemed to drift lower, except for a couple of bursts to the upside. Looks to me like the upside momentum is waning.