Latest on the
Febrific Internet:
Let Your Profits Run!
Latest on the
Febrific Internet:
Let Your Profits Run!
by James Dines
The Dines Letter
Plastic
began around 1850 when a Birmingham professor of natural science, Alexander
Parkes, mixed nitrocellulose with camphor, producing what he called "Parkesine,"
but there was no market then for the thin, transparent film and he was glad
to sell the patent of this "useless" novelty to John Wesley Hyatt
from Albany, NY. In 1868, a serious ivory shortage prompted a New England
manufacturer of ivory billiard balls to offer a $10,000 prize for a suitable
substitute, and Hyatt won the prize with the plastic product he christened
"Celluloid." By 1890, men shot Celluloid billiard balls while
wearing high, "wipe-clean" Celluloid collars, cuffs and shirt
fronts, and women displayed Celluloid combs, hand mirrors and jewelry. the
elderly wore the first Celluloid dental plates and children played with
the first Celluloid toys. Then American inventor George Eastman introduced
Celluloid photographic film in his Kodak cameras in 1880, and Thomas Edison
used Celluloid strips to make motion pictures, giving birth to the field
of cinematography. However, plastic performed poorly in the extreme hot
and cold temperatures of the kitchen, until the remarkable invention of
Bakelite, which would lead to nylon stockings, Tupperware and far beyond.
Perhaps we will continue this denouement in a future TDL, but we make the
point that seemingly innocent inventions such as plastic burgeon into incredible
new areaswhich, since 1994, we have been insisting applies spectacularly
well to the Internet.
Fifty-four
million adults in the U.S. now use the Internet, up a stunning 24% since
the last survey only nine months ago recorded 43.6 million adult users.
Approximately 27% of the entire U.S. adult population used the Internet
during a 30-day period this August and September, revealing the phenomenal
growth we have been predicting to our long-term, loyal TDLrs. A Lou Harris
poll for Dell found that 43% of American computer users say they're likely
to shop on the Internet this holiday season, up 330% from last year, and
that 70% of online shoppers enjoy the experience as compared with only 36%
having described a trip to a shopping mall the same way. Only one-out-of-four
households are connected to the Web yet, so there is enormous growth ahead
for the way we learn, buy, teach and communicate. Internationally, 20 million
new users of Internet online services have been added in just the last nine
months, to 70 million, as against 18 million four years go. And Forrester
Research estimates that worldwide Internet commerce could reach $3.2 trillion
by 2003 if it could be made simple and securenot even counting financial
transactionsrepresenting nearly 5% of all global sales. As we wrote in our
25th Interim Warning Bulletin (IWB) of this year, "Don't allow
anyone to talk you out of your long-term investment positions
in Internet stocks." Our Supervised Lists are loaded with them,
to an unprecedented degree. The Unwashed Many have resisted buying Internets
on the grounds that they "look overpriced"wrong all the way up!
In
all our years, we have never seen a greater opportunity to get rich quickly,
to make "killings" in the stock market. Indeed, most Internet
stocks did drop during August's market smash, but some of them are already
back up into new all-time high ground. Perhaps it is some kind of Mass Cyclical,
Elliott Alternation from the 1970's "turn on, tune out, and drop out,"
to the 1990's Internet "log on, click in, surf away"!
Editor's
Note: The Dines Letter is one of
the oldest and most respected stock market newsletter of its type in the
world. Editor James Dines has been very bullish on the Internet group for
several years. To receive a complete listing of James Dines "Recommend
Internet List," we strongly recommend buying a subscription to The
Dines Letter. Many of the "Recommended" Internet stocks are exploding
in price, to saya the least. The Dines letter is highly recommended by the
Bull & Bear. A "Look-See" 3-issue trial is available for $49.
A full one-year subscription, 20 issues, is $195. A "must read"
and "Great Gift Idea" is James Dines' book, How Investors Can
Make Money Using Mass Psychology, 378 pages, $59. To order, write to
the above address or call 1-800-84-LUCKY.
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