Keith Watanabe * NET 2.0

I expect some heavy nuking of stocks this week. My guess is that you'll see some massive selling after earnings are announced, even if a company's profits are up. I think the only case where people will buy more shares is if a company's expectations for revenue rise in the following year. Google, I believe, is coming so a lot of people will probably use them as the measuring stick for investment within the stock zone for the next two weeks. The other day saw Overstock get knocked despite beating estimates. The reason: they admitted to not being able to rise substantially. Thereafter, they received a pretty brutal sell off, going down a whoppping $13.07. Probably in the next week they'll fluctuate since the price had dropped so badly. If a few other companies rise like Google, I expect Overstock to gain too as part of the online stock portfolio. Here's another one I'm keeping my eye on: MGG. The key thing is the completion of the acquisition of the Mandalay Bay Group. I read that the current hurdle is antitrust since MGG will own half the Vegas Strip. I'm quite sure they'll get over that since Harrah's owns most of the other half. Besides that there seems to be plenty of competition along the Strip minus Harrahs and MGG. The Wynn coming up in April of 2005 (almost two months away!) ought to be a killer property that'll put the rest of the Strip to shame. Also, there's talk of renovation to the Riviera since it's quite old and beaten up. That side of the Strip is realy due for a clean up and I wouldn't be surprised to see some of those older hotels to be bought out and/or renovated in the next 2-3 years. Only problem is the money to fund that would imply the skyrocketing of prices for the traditional Strip joints.