The Industry Standard - Internet stocks tumble to yearly low - Comments

Yep. I agree that this was

David Kuan — Thu, 07 Aug 2008 12:48:36 -0700

Yep. I agree that this was prematurely (by a little over a day) judged although the chances of the result being the other way around is next to impossible.

Uhm, not that I mind having

Bradley Baker — Thu, 07 Aug 2008 12:05:21 -0700

Uhm, not that I mind having the cash freed back up, but wasn't this judged a day early?

It's supposed to close today, but covers trading through close of market tomorrow as well.

Yep. Looks like Internet

David Kuan — Sat, 26 Jul 2008 13:07:57 -0700

Yep. Looks like Internet remained more robust than general economy. Oh well... win some lose some.

Sittting around 128.09 as of

Eric Hill812251 — Sat, 26 Jul 2008 11:18:49 -0700

Sittting around 128.09 as of July 26, 2008. Trending up, albeit slowly.

Was expecting more for today

David Kuan — Fri, 18 Jul 2008 15:23:02 -0700

Was expecting more for today but it does look like it will continue to trend downwards. After hours continues to be negative. Expect Monday to slide further.

Down 2.83% for the day.

Bradley Baker — Fri, 18 Jul 2008 14:40:27 -0700

Down 2.83% for the day. Closed at 124.38.

After hours, most ^QNET

David Kuan — Thu, 17 Jul 2008 18:53:13 -0700

After hours, most ^QNET components are in the red (some of which are significant losses)
AKAM -2.22%
AMZN -4.31%
ARTG -9.91%
BIDU -4.57%
DHX -2.42%
DIVX -0.96%
EBAY -1.74% (after shedding 13.88% today)
EGOV -3.13%
EQIX -1.12%
FLWS -0.96%
GIGM -1.56%
GOOG -7.63%
GSOL -1.86%
LQDT -3.23%
MELI -2.97%
NFLX --1.17%
OMTR -1.77%
PRFT -1.38%
SCOR -1.49%
SINA -0.98%
SDXC -1.18%
SFLY -1.38%
SKIL -0.92%
SOHU -2.73%
SVVS -1.02%
TMRK -1.54%
TSCM -1.54%
VOCS -1.23%
VPRT -1.13%
YHOO -1.07%
I suspect a significant downtick at open and continued pressure on internet stocks as quarterly reports will be pouring in from all ocrners of the internet. Consensus is that revenue will be fairly moderate if not worse than same quarter last year (GOOG, EBAY, MSFT already got hit). Suspect YHOO and AMZN to underperform as well.

September or .... October

Marc L — Wed, 16 Jul 2008 20:51:47 -0700

September or .... October October October

Went as low as 118.39 this

Eric Hill812251 — Tue, 15 Jul 2008 10:24:34 -0700

Went as low as 118.39 this morning, but is rebounding.

@Eric, on the contrary. I

David Kuan — Mon, 14 Jul 2008 09:50:42 -0700

@Eric, on the contrary. I agree with the 115 setting. With the state of economy, the trickle down effect will show on Internet stocks. 115 is the perfect threshold to make this prediction more interesting.

I know, but 120 simply

Eric Hill812251 — Mon, 14 Jul 2008 09:39:34 -0700

I know, but 120 simply seemed way too easy of a target. :S

@Eric, yep i have the alerts

David Kuan — Fri, 11 Jul 2008 12:56:19 -0700

@Eric, yep i have the alerts set for dips below and rise above. Try this for better chart on QNET. Since inception of index, it has NEVER hit 115! Today it closed at 127.71.

QNET is such an odd index -

Eric Hill812251 — Fri, 11 Jul 2008 11:09:17 -0700

QNET is such an odd index - there are hardly any decent charts for it anywhere. Even Yahoo Finance can only pull up a 5 day rolling chart. Be nice to have a chart for this prediction. And the Yahoo stock badge can't pull up the QNET at all. At least they have really good alert systems.

Internet stocks tumble to yearly low

The Standard — Tue, 08 Jul 2008 15:34:13 -0700

Judgment on August 7, 2008: The Internet Index appears to be weathering the current market ups and downs quite well (knock on wood). This prediction did not occur in the allotted timeframe. Judged at S$0. -- The Industry Standard

The NASDAQ Internet Index (QNET for short) tracks 77 different stocks that make their living off the Internet. Other than Yahoo!, Google, Amazon and eBay, no single stock makes up more than 5 percent of the index’s portfolio. Microsoft is not a part of the index due to its gargantuan influence.

The 52-week high for QNET is 162.69, while the low has dragged to 118.27. Today as of this writing, the index is +3.42 (2.70%) for the day at 130.02, according to Yahoo! Finance.

This is a prediction that by then end of trading on August 8, 2008, or earlier, the Internet index will bottom out at a yearly low of 115.00 or below during intraday trading.

In order for this prediction to be judged favorably, this low must be reported by Yahoo! Finance. The value does not need to be a closing price; intraday values at or below 115.00 will be considered the basis for a favorable judgment on or before August 8, 2008.

Bets will close on August 7, 2008, unless this prediction is closed sooner due to market events.

(Yogi "Bear" photo credit: Flickr / carbonated)