As you know by now, all the important people, like Dennis Kneale, sold out of all their internet stocks, for low-grade bank plays.
Aside from that, I’m not sure what the fuck is going on, but [[BIDU]], [[YHOO]], [[GOOG]], [[AMZN]], [[EBAY]], [[CTRP]], [[NILE]], [[OMTR]], [[VCLK]], [[OSTK]] and [[MNST]] are getting their fucking heads blown off.
Using that logic, one could make a strong argument that [[PCLN]] needs to get its head shot off too. After all, that stock is like 75 points over valued.
“The Fly” spits on PCLN from 100 yards.
Today, after the bell, the cow fuckers from YHOO will post their quarterly disappointment. I have personal experience dealing with YHOO; and they suck.
What’s odd to me is the current bullish sentiment in the market has decoupled itself from the net plays. Perhaps advertising rates are dropping off a cliff, as the writers strike continues and the mortgage market implodes?
Nevertheless, the sector is telling us something.
Are you listening, fuckface?If you enjoy the content at iBankCoin, please follow us on Twitter