Steve Harmon

Internet stocks lose ground as a group with ISDEX off 4% to 465.01 with the NASDAQ also weakening. The Dow shines today as the debate of old world vs. new world stocks continues. The snapshot: SportsLine (NASDAQ:SPLN) completes its acquisition of Golf Club Trader for $7 million in SPLN stock. An ‘eBay for gold club’ […]

Manufacturing numbers spooked the market as investors think the Fed may step up and tighten the money supply. To get a sense of what the fear provoked I took a slice of the last month of ISDEX. Result: it’s down 11.8% or just about as much as the NASDAQ has ran this year. By now […]

First reader up writes: “Steve, what do you think of StarMedia?” Reply: StarMedia’s IPO struggled a little when it debuted last week with about a 30% rise the first day. That was owed to a market glut that watered down anythingIPO.com. On the second day of trading however it popped so that StarMedia (NASDAQ:STRM – […]

As sentiment that the Federal Reserve may raise the cost of capital the markets take a hit again on the tech and Internet side. ISDEX, which launches its Futures contracts on Kansas City Board of Trade, closes down 5.75% at $483.82. Today’s snapshot: E*TRADE (NASDAQ:EGRP) makes s $1.8 billion stock offer for Web-based bank Telebanc. […]

As someone on the vanguard of Internet investing these past 5 years there are moments that stand out: creating the first pure play Internet index in 1995; seeing future winners in Yahoo, Inktomi, DoubleClick, @Home, etc. early on; having a portfolio that ended 1998 up 312% and first quarter 1999 up 150%. But June 1 […]

Internet stocks weaken as the market starts to seek middle ground, between the Dow and ISDEX, with NASDAQ being the logical vehicle today as it maintains most of its value albeit with a slight drop vs. the others. ISDEX value is 490.33 with a change of-14.87(-2.94%). StarMedia pops another 75% today to $45.50 per share. […]

The average value per user for the top 10 Web sites lost 11% this past week as the selloff in Internet shares realigned market caps and investor ardor. The median value per user hit about $200 while the average was double that. Notably, for the first time in a long while Yahoo user value dropped […]

Investors cautiously move back into some Internet stocks after the recent selloff while StarMedia (NASDAQ:STRM) debuts as the strongest of a handful of IPOs today. Overall the market finds a positive tone with the Dow, NASDAQ up over 1% each while ISDEX gains 6%. I believe the Internet sector could swing and sway 10% each […]

Now that we’re in the middle of a correction for Internet stocks let’s first go to the numbers and see what the damage report is: ISDEX ®   25-May-99 % change Point change % change The Internet Stock Index   close from from from www.isdex.com     19-May-99 19-May-99 31-Dec-98           […]

Investors start to pick through the rubble of Internet stocks as a handful of issues rise today, even against a backdrop of bearishness for the sector and stocks in general. The Dow, NASDAQ, and ISDEX all drop in the continued malaise of market murkiness brought on by rate hike clouds. The question some may ask […]

If you take a traditional summer slowdown and toss in talk of the Federal Reserve triggering interest rate hikes it spells a wipe out for Internet shares. None of the 50 stocks in ISDEX was left untouched in the ongoing correction that’s knocked 14% off Internet stocks since May 13, 7% of that coming yesterday. […]

Investors slam all the boards today as concerns of a possible Federal Reserve rate hike loom over the entire array of stocks, with technology and Internet stocks hit hardest. The tally: NASDAQ down 2.6% to 2453.66 and ISDEX off 7.3% to 510.55. The entire basket of 50 stocks here falls in what I think looks […]