Internet Mania Returns!
from the watch-your-step... dept
Someone at Business 2.0 has noticed that the stock prices of eBay, Amazon and Yahoo have all shot up recently. Clearly, those are the “big 3” survivors of the internet – but the article suggests their valuations are still way out of line. The fear is that, once again, people are starting to think that “internet stocks are different”. I’m not sure that anyone really believes that. It sounds to me like some speculative investing, based on the idea that all three will show good numbers for the first quarter. I would bet the recent uptick are just people expecting a little boost after first quarter numbers are released – and not long term investors. After all, are there really any “long term” dot com investors these days?