In âTrading & Exchangesâ, Larry Harris wrote in 2003 (p.253) ... â... Sentiment-oriented technical trading will be most profitable in instruments that are not easily valued ... Perhaps the best examples of hard-to-value instruments are stocks in developing industries like the Internet. Their values are hard to estimate because they depend on uncertain technologies and on the development of unknown markets ...â What are 2010âs equivalents of the âInternetâ stocks?
OK, here's a list of 16 stocks that might qualify today as "Internet Stocks" by Larry Harris's definition ... Ticker Company Sector ABX Barrick Gold Corporation Gold Miner AEM Agnico-Eagle Mines Ltd. Gold Miner AMSC American Superconductor Corporation Clean Energy AU AngloGold Ashanti Ltd. Gold Miner BIDU Baidu, Inc. Search Engine BVN Compania de Minas Buenaventura SA Gold Miner CEPH Cephalon Inc. Biopharmaceutical CREE Cree Inc. Clean Energy CSIQ Canadian Solar Inc. Clean Energy FSYS Fuel Systems Solutions, Inc. Clean Energy GENZ Genzyme Corp. Biopharmaceutical GG Goldcorp Inc. Gold Miner GOOG Google Inc. Search Engine KGC Kinross Gold Corporation Gold Miner NEM Newmont Mining Corp. Gold Miner SVNT Savient Pharmaceuticals, Inc. Biopharmaceutical Sentiment-oriented technical traders... Any thoughts? (I await the flaming)