Thursday, June 16, 2011

Dot com bubble 2.0

Pandora Media Inc (Public, NYSE:P)
P 13.26 -23.88%
13.26 -4.16 (-23.88%)
After Hours: 12.72 -0.54 (-4.07%)
Jun 16, 7:59PM EDT

Linkedin Corporation (Public, NYSE:LNKD)
LNKD 68.27 -8.51%
68.27 -6.35 (-8.51%)
After Hours: 69.15 +0.88 (1.29%)
Jun 16, 7:36PM EDT

Second dot com bubble-burst



    The Winners of the New World By Jim Cramer 02/29/00 - 09:42 AM EST
    You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now. OK. Here goes. Write them down -- no handouts here!:

    724 Solutions (SVNX), Ariba (ARBA_), Digital Island (ISLD), Exodus (EXDS), (INSP_), Inktomi (INKT), Mercury Interactive (MERQ), Sonera (SNRA), VeriSign (VRSN_) and Veritas Software (VRTS_).

    We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come.

  2. by hedgeless_horseman [from comments on zerohedge]
    on Thu, 06/16/2011 - 14:36

    Q: Does this mean that Project Playlist is fucked?

    A: Yes, Bob, we were dead after MySpace and FaceBook killed us.

    Q: Why? We're just as good as Pandora.

    A: Exactly, Bob.