Friday, October 20, 2006
Sector Spotlight: Internet
Despite GOOG's terrific numbers, the market is trending lower this morning. Apparently, the fuckers at CAT are dragging the DOW lower, while the other fuckers at SNDK cannon ball the Nazz.
As I said earlier, the earnings season has been terrible, so far. Companies like CTXS and SNDK are not supposed to disappoint, but they did. If there ever was an ideal time for a broad market pullback, now is that time.
Take a look at some leadership stocks like BRCM, AKAM and YHOO. They are all sucking some serious wind.
In short, be careful. The bear will eventually have his way with the market-- at least for awhile.
With regards to the Internet sector:
Obviously GOOG is smoking, but YHOO is not. Because of YHOO's struggles, many believe they will start acquiring small, high growth internet companies, a la IACI, in order to jump start its stock. Frankly, I believe if YHOO doesn't make some strategic acquisitions, the stock is doomed for $18.
With that being said, here is a short list of fast growing dot coms that could be targets:
QPSA, RATE, KNOT, CKCM, AQNT, VCLK, INSP, NILE, MCHX, ALOY, WBSN, LQDT, GMKT, TOMO, TFSM, BIDU, NFLX, DTAS, and WSSI.
As I said earlier, the earnings season has been terrible, so far. Companies like CTXS and SNDK are not supposed to disappoint, but they did. If there ever was an ideal time for a broad market pullback, now is that time.
Take a look at some leadership stocks like BRCM, AKAM and YHOO. They are all sucking some serious wind.
In short, be careful. The bear will eventually have his way with the market-- at least for awhile.
With regards to the Internet sector:
Obviously GOOG is smoking, but YHOO is not. Because of YHOO's struggles, many believe they will start acquiring small, high growth internet companies, a la IACI, in order to jump start its stock. Frankly, I believe if YHOO doesn't make some strategic acquisitions, the stock is doomed for $18.
With that being said, here is a short list of fast growing dot coms that could be targets:
QPSA, RATE, KNOT, CKCM, AQNT, VCLK, INSP, NILE, MCHX, ALOY, WBSN, LQDT, GMKT, TOMO, TFSM, BIDU, NFLX, DTAS, and WSSI.
Comments:
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I think it is excellent that CTXS, SNDK and CAT among others have disappointed - they now have lowered expectations and will be great buys for another three months. I'm sorry that some folks (you included) were hit and hurt by this but there is no way they could continue to grow.
I don't know about you but I have always wondered about the need for continuous growth and the fact that it isn't possible without cooking the books (which, of course, is what has happened too often). Even GOOG is going to get hit with a bad number one of these days and boom!
I don't know about you but I have always wondered about the need for continuous growth and the fact that it isn't possible without cooking the books (which, of course, is what has happened too often). Even GOOG is going to get hit with a bad number one of these days and boom!
Almost forgot - YHOO has no future - it is old school run by old school folks with no possibility of change. Once the corp gets overrun with comfortable beaurocrats it is game over - they could buy GOOG and they would fuck it up and destroy a fair company in the process.
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