Don't get me wrong- I really do want you guys to continue shorting the nets- that's why I'm in CMGI, AMZN and YHOO- certainly not for the fundamentals.
Now AOL is in the S&P500-
Do you guys get it yet? There will continue to be great news for the nets all through the holidays- there's probably lots more to come.
They move in a pack, and for absolutely no reason of their own, CMGI will move up because of AOL. When CMGI finally announce their IPO's for the first quarter, they'll return the favor and everyone jumps again.
For the hour or two of actual downdraft these things afford you, why do you bother?
Go long till april, you'll sleep better. (wait a minute- what am I saying?!?)
Then again, maybe you're right. Unreal expectations. Ridiculous multiples. P/E? What P/E's? These things are air! Total folly!! and what's that thing you guys like to say...uh, oh yeah...
THE BUBBLE IS ABOUT TO BURST!!! SHORT IT NOWWWWWW!!!!!!