Through TheFLY's Eyes: Internet Stocks
from Theflyonthewall.com














Big Cap Internet Stocks Have Dropped Big--Time To Start Buying

During the 1990s, the leading high tech companies would have 30% to 50% drops, all of which proved to be very good buying opportunities. eBay (EBAY), Yahoo! (YHOO) and Broadcom (BRCM) are all down some 30% from their highs. It is probably a good time to start buying.

Cisco (CSCO), Dell (DELL), Intel (INTC) and Microsoft (MSFT) all had big pullbacks during the 1990s, those who did not buy into those declines lost out on great money making opportunities. Today, the leading edge companies are eBay, Yahoo!, Google (GOOG) and Broadcom which are all down big from their highs and possess the same characteristics of the 1990s leaders--industry leading positions, massive cash generation, good balance sheets and high growth markets.

Actually, from looking at the price chart of Yahoo! and eBay, these companies actually tend to be the first movers out of downturn and tend to lead into a slowdown. It appears from the eBay-Yahoo! news this morning, they will once again lead out of a downturn.