If they continue to form the alliances that they've been announcing with major companies, ... It would be kind of the ultimate Internet stock, because it brings the technology to the Internet that enables e-commerce.
More Quotes from Jim Melcher:
Something like this news is the sort of catalyst that ought to spark a terrific rally now, but the question is will it sustain itself And that's not at all clear. Certainly in '98 when the Fed did this you had a rally that lasted a year or two. I think we're going into a rally right now,Jim Melcher
I think it's a combination of the oil prices and GM today. There's been a heightened focus on inflation recently, and energy prices are a major component in inflation.
Jim Melcher
It's useful to have a statewide apparatus to make connections. Otherwise, there are a lot of obstacles.
Jim Melcher
the market is, and has been, for the last five years driven by about the same 100 companies, but if you could see money moving down to the broader market, we've got some real values, a lot of good companies selling really cheap.
Jim Melcher
This is the greatest stock-buying mania of all-time, people are buying stocks, they're buying blue chips, with no regard to value. In this respect, it's similar to 1929. People believe that as long as you're buying, everything's fine. This is a dangerous market, you should make no mistake about that.
Jim Melcher
PPI has been rising, but retailers and manufacturers haven't raised prices yet, because there is too much cheap foreign competition, ... If you see CPI move up, that could upset stocks.
Jim Melcher
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