Steve Harmon

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Wall Street’s latest defatuation with Internet stocks came on the heels of a broad market injection of fundamental valuation techniques being applied at the knees and USA Network’s proposed merger with Lycos (NASDAQ:LCOS) that gave not only LCOS but Internet stocks a haircut. The group of 50 stocks in ISDEX that represents the overall Internet […]

First reader up writes: “Have you any information on the status of the IPO for BUY.COM?” Reply: Buy.com hasn’t filed yet. Softbank invested a reported $40 million last November to keep it floating. With its 2.2% reach in home and work, however, Buy.com should consider how it will pay for marketing and more customers. “How […]

ISDEX drops 2.6% to 293.28 as Internet stocks remain lukewarm following a rollercoaster week last week. Investors are wisely making slower moves in the Internet space as they attempt to sort the prospects from the hype. with the recent spate of mergers seemingly slowing (for now), Internet stocks may follow a scattershot approach of ups […]

The correction that showed up earlier in the week pops up again for a second wind. Profit taking following yesterday’s 13% run and general jitters about the tech and Internet sectors caused by an analyst downgrade of DELL. While DELL isn’t an Internet stock per se the move rumbles through Internets and shaves 5% off […]

Investors gripe that they can’t buy an Internet IPO. Which is effectively true. Even the paltry shares the e-brokers offer is a token tossed to the retail investor. But if individual investors had bought each one of the six Internet public offerings at the lows (meaning the stock was trading already) they’d be up 112%. […]

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“Where Wall Street Meets The Web” Last October we predicted a 20% to 30% correction in Internet stocks and so far this looks like it. ISDEX is off 22% so we could be near the bottom here. Hints that may be true come from the buying we’re seeing in select Internet stocks as those looking […]

When we said we were at the bottom it was nice to see the market agree today as ISDEX pops 13% to 319.33, with the broad market also rising. All of the 50 stocks in ISDEX, the world’s leading Internet index, climb as buyers snap up Internet stocks that had taken a 22% beating the […]