Dot Coms are having their second boom according to this CNN article. Of course - this is an article for INVESTORS so in the article it notes that "... you still have to follow the basic rules of sound investing. Don't buy a "story" stock if you don't understand the story. Don't invest just because you heard a pick on TV--or, dare we say, read it in a magazine. Look for profits, sound financials, and reasonable prospects for growth. Pay attention to valuation. Make sure you know the bear case--the arguments against buying the stock. And most important of all, devote only a small portion of the cash you're investing to a hot area like Internet stocks." We're traders (although a portion of our portfolio is in investment mode, this blog is about trading), so we'll ignore a lot of those maxims and place our trust in technical indicators and charting.

Anyway, the article is an interesting read for those wanting to use CFDs in trading US tech stocks. I find it slightly amusing that they refer to the dot com crash "Boom 1.0". Anyway... It's probably time to look at (investing) in tech stocks again. (If you were a trader this was a non-issue as you would have been trading it anyway). "...today the Net is fulfilling many of the visions its wild-eyed prophets were preaching about just a few years ago...cool applications that seemed so elusive in the late 1990s--Internet phone calls, (legal) downloadable music and movies, high-speed web access on cellphones, online bill paying--are a taken-for-granted part of daily life."

For the Web 2.0 stock picks, they look at Google (GOOG) and its massive fluctuation in price this year. And Yahoo (YHOO) as a sound investment. And for the "small fry" NavTeq (NVT) which has doubled since listing in 2004. Then there is Akamai Technologies (AKAM). I honestly missed this one: "Shares ran up to $345 in 2000 on revenues of $90 million and profits of zero; two years later they traded as low as 56 cents." Akamai basically speeds up the delivery of web pages of its clients including Microsoft, Apple, and Yahoo. "The more downloading people do, the more valuable Akamai becomes." Then there is Cisco Systems (CSCO). And Adobe Systems (ADBE). And for broadband providers there is Comcast (CMCSA) - Hang on, the article says "Now it's too cheap to pass up.". Hmmm... And under old media - there's NWS - you know the Old Aussie News Corporation. It also talks about funds, but I'm not interested in that.

Summary of stocks listed above that you can incorporate into your share trading strategy or watchlist:
Google (GOOG)
Yahoo (YHOO)
NavTeq (NVT)
Akamai Technologies (AKAM)
Adobe Systems (ADBE)
Comcast (CMCSA)
News corp (NWS)

Check your charts!