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OMIGOSH - check out the once powerful Akamai....AKAM...
they getting crushed.......
once a powerful internet infrastructure stock.
> -----Original Message-----
> From: bobskc@xxxxxxxxxxxx [mailto:bobskc@xxxxxxxxxxxx]
> Sent: Friday, April 19, 2002 9:06 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: RE: [RT] YHOO
>
>
> At 06:11 PM 4/18/2002 -0400, you wrote:
> >Nice trade.....
> >I am looking to go long on <any> of the internet stocks.....
> >but I think they are mostly going to zero.
>
>
> The internet will, eventually, fulfill the expectations for
> commerce which
> people believed possible. The problem was that when the bubble was
> inflating and eventually bursting, people were looking for instant
> results. Instant growth and instant profits and every company that moved
> to the net, would see sales growth into the stratosphere. Well,
> as we all
> know, that didn't happen. Women spend most of the money in America and
> women are 1/10 of the computer shoppers. Women want to *see*
> what they are
> buying and they want to hold it, touch it. They want a building
> to take it
> back to when there is a problem and they want to get a receipt and have
> their check accepted instantly. The street forgot something about Inet
> commerce..... they forgot that men hate to shop and love the idea
> of buying
> on line but women .. now that's another story. Women LOVE to
> shop .. it's
> an event .. a day out .. social times with friends ..
>
> So what sold and does sell on line? Computers, software, home and auto
> electronics .. Male purchases .. the gender who spends the least of the
> purchasing pie.
>
> Women are slowly accepting the idea of on line buying. Slowly deciding
> that if a brick mortar business that they know, has an on line site, some
> things could be purchased there. As these barriers come down and women
> gradually gain confidence in using a credit card on line and
> buying things
> they can't touch on line, e-commerce will become what the bubble
> thought it
> would but a large percentage of the high flyers who were expected
> to be the
> flag ships of this revallution in buying habits will be long gone and the
> Sears and Pennys and Walmarts, etc., etc., will be right there
> on the web
> and one reason why .. maybe the most important reason why? Because mom
> can buy it on line but take it back to the neighborhood store if
> she wants
> to exchange it.
>
> Having said that, the best "internet stock" as I see it is EBAY
> but I won't
> pay 160 X earnings and even their growth is beginning to slow.
> Others are
> PayPal, VRSN and Travelocity but again, these stocks are not
> cheap in terms
> of PE .. they just have niches that have taken root into cyber
> space. I'm
> sure there are others and I wish you well in finding them but for what
> it's worth, I'd look elsewhere and if you just want an internet company,
> buy WMT. :))
>
> All best,
>
> Bob
>
>
>
> A
>
>
>
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>
>
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