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  • Why are Internet stocks slowing?

    Posted Jul 18 2008, 08:36 AM by Todd Harrison Rating:

    I spent the weekend with some of the smartest techies on the planet, guys and gals from all over the world: They drank the Kool-Aid a long time ago. By the time I got back to New York I was ready to get with it and stop living in the Stone Age (I still don’t even have a Facebook page). But if the Internet has so much growth potential and will eventually displace everything including television, then why are the stocks associated with the information highway system limping along at a snail’s pace or have curled up like armadillos? Internet stocks haven’t been world beaters for a long time and right now the Internet Holders is at a 52-week double bottom and vulnerable to the four year low of 44.   Read More...

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