How much was spent by the Internet behemoths on CAPEX last year?
Amazon spent $224 million.
eBay spent $454 million.
Yahoo spent $602 million.
Google spent $842 million in CAPEX for the quarter!
Now the bears said Research in Motion was going to be hurt by the layoffs in financial services. The fools that sold took the stock down to 82. It's now 50% or 40 points higher in a couple months.
Google was supposed to be hurt becauses companies were not selling ads for mortgages and refinancing. They took the stock down over 300 points. So it's up 80 today.
It's one of the few times that you can buy a stock up 80 and make money. Except for the shorts.
Eighty points is the start of their losses!
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