Jonathan Cohen |
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 We`re beginning to accumulate relief supplies for distribution. Internet stocks are going to continue to enjoy a special position in the investment firmament because these companies are growing much faster than anything else. What we`ve seen over the last six months is a continuing trend toward higher-quality names across the Internet space. We think that`s going to continue. The most impressive part for me was that during a seasonally slow period, AOL added 3/4 of a million subscribers, ... That`s a remarkably strong number. It`s a slow summer, These stocks are mostly bought by retail investors. When these stocks approach high double digits, they become less attractive to retail investors. We`ve almost now hit a point of almost buying panic where investors are afraid not to be in the Internet sector, given how strong it`s performed recently, The pending decision against Microsoft and the decline in the share price was absolutely the catalyst for the sell-off. To the extent these companies may do very well in the next year, I think there may be buying opportunities here. valued contributor.... We wouldn`t comment on his beliefs or cultural activities. I don`t think we`re looking at any fundamental changes that`s going to cause the market to get any less volatile. This has been an extremely difficult market to call changes in. And we really see that continuing. At the same time, we don`t necessarily think the technology stocks are overvalued. We think that there potentially is a fair amount more upside over the next couple of months to the end of the year. | ||
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