Steve Harmon

Investors looking for the next big thing seem to be throwing some caution to the wind and buying into that sentiment, rather than doing due diligence. Example: Verticalnet (NASDQ:VERT) soars 32% to $96.25 per share on a “buy” tout from Hambrecht & Quist. But I would caution that while stocks such as VERT, in particular, […]

Adjusted for stock splits the ISDEX was up 68.5% this year to March 9 as investors discovered a basktetful of goodies in the leading Internet stock index. Notably, four of the top 10 so far were ones I picked January 6 as ones to watch. Of all ISDEX component stocks and picks, Go2Net (NASDAQ:GNET) led […]

no body

no body

ISDEX finds today’s trading session led only by a few rising stars, while the overall market weakened with the NASDAQ and Dow ending the day down slightly. Today’s snapshot:   09-Mar-99 point change % change ISDEX 340.94 3.03 0.90% NASDAQ 2,392.94 -4.68 -0.20% DJIA 9,693.73 -33.88 -0.35% Go2Net (NASDAQ:GNET) gets a “buy” tout from ING […]

It has Captain James Kirk (aka William Shatner) as its spokesman, generated $35 million in sales in 1998 and is set to offer shares to the public this week anytime now. Priceline.com wants to raise a reported $115 million, but it has not yet announced what its debut price will be. Having done private and […]

ISDEX soars 8% as investors pour into some of the better-known stocks in this 50-group leading index. CMGI adds $40.8125 or 27% today to $193 as believers in its slew of investments start eyeing what that means if the Internet IPO market stays hot. CNET (NASDAQ:CNET) also zooms today, up 21% to $203 per share […]

no body

It was kind of nice to see that the core eight stocks I picked for Harmon’s HotWatch ’99 were up 89% year to date, handily beating the entire mutual fund universe so far in 1999. The reason I mentioned that is that Bloomberg’s listing of who’s hot and not is now making a big splash […]

Intel’s $2.2 billion stock offer for Level One (NASDAQ:LEVL) redraws the network chip market and validates our February dropping of Broadcom (NASDAQ:BRCM) from the ’99 HotWatch list. At that time my instinct said competition was looming large. After losing ground since February BRCM shares rally a little today after the news and the implications come […]

Intel’s $2.2 billion stock offer for Level One (NASDAQ:LEVL) redraws the network chip market and validates our February dropping of Broadcom (NASDAQ:BRCM) from the ’99 HotWatch list. At that time my instinct said competition was looming large. After losing ground since February BRCM shares rally a little today after the news and the implications come […]

The old classic rock song “And The Beat Goes On” could be the theme song for the current parade of IPOs down Wall Street with this group of eight new offers this year up 166% from offering price, up 320% at the peak, up 32% from lows. The other side to the tale is those […]