Barron's - Time to get out of Internet stocks

by: David Jackson

Barron's Getting Technical column (paid subscription required) recommends that investors sell their 'Net stocks. Michael Kahn points out that:


Prominent Internet stocks including Yahoo!, eBay and Ameritrade

"started slipping again in November and has been down ever since".

After a long analysis of the Internet index charts, he concludes that

"...since the [Internet] sector is already underperforming
the market, the charts suggest that the next rally might be investors'
last chance to get out of this weakening sector before it falls."

In other words: get out.