Steve Harmon

Amazon (NASDAQ:AMZN) found Wall Street’s jungle after all the past week as value per user for the book nerd fell 24% as investors got a little nervous putting positive earnings out farther than they can see at the moment, which is about two feet. While I would put forth that Amazon user are probably worth […]

The wild mood swings today in the market first saw the ISDEX drop to the five and teens before gaining steam in a late-trading rally that pushes the bellwether index up 4% to 571.78. It helps that the overall market rebounds slightly as the past few day’s of techno-phobia especially abate. I think we could […]

More how now for the Dow? Not. The industrial bellwether takes a breather from its record run as the overall market lacks the drivers: earnings, consolidation and general hoo haa for all things Internet. Even AT&T’s bid for MediaOne failed to attract a crowd. And once again Warren Buffett tosses a few bearish words about […]

Those April showers that come in May basically wiped out the gains ISDEX made as a group all last month as I take a look at an overdue Dow which gained most of its 18% run this year. For comparison, ISDEX rollercoastered up and then back down in April, ending about where it began. A […]

It’s the Dow’s time to take the limelight as the industrial average passes the 11,000 mark for the first time ever. ISDEX and NASDAQ take a breather as the technology and Internet sector lacks luster amid the pending summer slowdown. ISDEX closes at 571.08 with a change of -33.02 (-5.47%) as 39 of the 50 […]

With its $316 million stock swap agreement to acquire home networking chipmaker Epigram leading broadband chip maker Broadcom (NASDAQ:BRCM) could be positioning itself as an end-to-end broadband chip player. Why I like this deal: it gives Broadcom a footprint in some advanced chip sets that allow data transfer as fast as 10MBPS over plain old […]

First reader up this week writes: “I’m wondering if you feel that the correction is over for now or just taken a short break. I’ve made one big mistake and that is margin. I started out with 18,000.00 of my own money last August and before this last correction was up to 297,000.00 dollars. I’ve […]

Investors trickle back into the Internet sector after a choppy week and day that saw ISDEX dip below 600 and then jump back above the waterline today, up 7.88 to 604.10. The index range today was 576.93 – 621.70, so you can see the volatility of the sector as the lack of drivers for the […]

Taxi drivers talking about Internet stocks as easily as they once discussed the weather may sound kind of strange but it happens everywhere I go. The topic of travel this week: new IPOs continue to do well while the already-public may have seen their spurts for now. Prima facie evidence meters in courtesy of the […]

ISDEX goes sideways losing some ground but not much today as investors start picking over stocks in a more a la carte style. Perhaps the bevy of trade jockeys that have driven up some of the shares are sitting out the latest moves after the April 19 correction wake up call. Today’s snapshot: MarketWatch.com (NASDAQ:MKTW) […]

It’s why the domain suffix term is “.com” and not “.ahem” (a rather throaty sound sales people make when window shoppers don’t buy anything). Said another way, it’s the difference between a buyer and a browser. Now that Amazon.com (NASDAQ:AMZN) finally cracked the top 10 Web sites in the world the value per potential customer/user […]

Proof that logic has no place with Internet stocks and that the broad market moves can take center stage: The big earnings (or lack of) news today is No matter the results Wall Street’s hammering of technology shares across NASDAQ and ISDEX discounts ahead the traditional summer slowdown in technology. Against the tech sector selloff […]