Hysterical Internet Bubble Viral Video

Thanks Barry …

We have been working on a video to the same tune about stock tickers at Wallstrip…sometimes you just get beaten to the punch. Nicely done at RichterScales.com

Comparing China, Housing and Nasdaq Bubbles

Awesome chart here comparing all the big past bubbles and a frame of reference for where China is possibly in their bubble cycle. Seeing that they have many more billions of people, maybe their bubble is just getting started. That would be insanely fun for a while.

It is mucho volatile this morning in the markets so I do little as you know. I am paying bills and reading blogs and writing.

I am selling some SYNA at $60 which was a mental target (speedster now printing $61 rats ). This stock feels like it could really fly, but….not being a HOG.

Also selling some Baidu and Google (mentioned that last night).

It’s really just the financials that suck.

Coinstar is hitting me over the head as is Blackboard, but just a few of 50 plus positions so nothing out of the ordinary. My Coinstar stop is in the $28’s so close now. Blackboard is $37.5. Coinstar never made it to an all-time high so jumping the gun was a bad idea I guess.

Disclosure- Long SYNA, GOOG, BIDU, BBBB, CSTR

Today’s Lesson: How to Call a Top!

It’s easy. Just keep calling for it.

I have said China was topping at least twice including yesterday.

Josh Kopelman has an excellent post written for Alley Insider about ‘Bubble’ calling.

That’s why Josh is a great venture capitalist with bazillions and I am a thousandairre .

Bears Win…Market IS going to Zero AND the Internet is a FAD

Great post here by Marc Andreesen who is as bullish as me and I like being on the side of this billionaire. I don’t mind disagreeing with Marc Cuban, even betting against him (how’s that lame shortseller site going), but I like Andreesen. He thinks outside the box…all the time.

How about this sarcasm:

The sooner we all get back to 2003, when the few surviving companies had huge giant markets all to themselves, with no competition anywhere in sight, because everyone knew the world had come to an end, the better.

Go Marc!

Disclosure – Market is going to zero, but I am too lazy to sell. Will buy instead.

Just Too Giddy…and a Reminder!

Semiconductors just suck balls in this rally and I have had a great run in Nvidia (NVDA) so am getting rid of it today. That sector is just too aggravating. Traders will be saying the same thing 5 years from now on homebuilders. Dead cyclicals are dead cyclicals.

I would love to see some more downside in Garmin, but other than that I am not chasing stocks up here. Other than the semiconductors and metals, nothing wants to come down. I am plenty long if we just continue higher. Even my trusted ‘guru’ friend ‘The Fly’ ‘ seems to be reaching for stocks today.

I remember the Blackstone death watch just last month at $20/share started by my friends at Dealbreaker . That felt way wrong and I wrote about buying it, but never pulled the trigger. It’s now rallied 40 percent.

Blackstone and Goldman are the safest China plays you can make. The Chinese may shit on the crappy little bubble stocks in the end, but Goldman and Blackstone are family now.

Disclosure – Long Garmin, sold Nvidia

What Happens at TOPS…?

Don’t get me wrong, we are inning 1-2 of the Internet, but you can still have a frothy environment and giant drawdowns within the major trend.

This could be a ‘Triple Lindy’ OY for the internet:

1. Facebook frenzy (color me included) – Rumors that Zuckerberg now has a $15 BILLION valuation on Facebook, even perma ‘glass is half full’ bull me is concerned. As Wired reported via Alley Insider last year , Facebook/Zuckerberg had all but approved a Yahoo $1 billion deal WAY WAY WAY back in 2006 .

2. Amazon back at all-time highs (I am long )

3. WTF ?

I was chatting at lunch with some friends about the first bubble and the CEO from Infospace coming on CNBC in 2000 and predicting his company becoming the FIRST ‘TRILLION’ dollar company. That was not the best time to buy internet stocks.

Just a friendly reminder…AND

It’s not that all this news surrounding the internet is a little frothy, it’s more that I am long .

Cars direct…I Mean Internet Brands Files for IPO

Obviously I am happy that Internet Brands – formerly Cars Direct – has filed for an IPO . It is my ‘Bubble Boy’. I have an embarrassingly large/greedy amount of money invested in this pig. The deal that contributed to the final straw of the first bubble and I was a stupid..now smart? investor. I begged to get in on that deal. I had to take a darkhorse as a stub – Rent.com – to get my piece. Oh those were the days.

The real problem is, last time they filed for an IPO, the stock market imploded like a month later.

I have some news for you. It’s been a month since they filed.

I am chanting and talking to my Weeejeee board tonight.

Oh ‘Bubble Boy’…

The Facebook Bubble? The Tulip of all Tulips?

I don’t think so.

Marc Andreesen agrees with me . I am happy to be in his camp. Take the time to read his post. Michael Parekh sums up all the negative noise .

I do think that eyeballs is a scary business this late in any cycle especially one so great, but I don’t see Facebook being just an eyeball business. I have been watching young people interact with Facebook all week in Toronto. Wow.

The end of Marc’s post is the best.

I’ll close with a prediction on Facebook and Facebook apps:

We’re now in the summer slump, when all the kids are outside playing and going to the movies (well, at least watching movies of questionable provenance on their laptops), and necking in the bushes.

You heard it here first.

Despite the noise, we live in a time where you can tap into the genius brain’s of our era in the internet. How awesome is that. I tap into the noise and want to harness it. I will never be as linked in as a guy like Andreesen, but the DEPTH and CALIBER of the Facebook conversation is what makes me comfortable investing time and money.