Despite their soaring prices, the best Internet stocks are still bargains. Here's how to pick 'em

Can you afford not to invest in the powerful trend toward people's shopping, at incredibly low prices, from the convenience of their homes? That was the pitch I used back when I was a broker at Goldman Sachs, and since that was in 1986-87, I wasn't hawking the Internet but rather an outfit called Home Shopping Network, which peddled stuff on TV and took orders by phone. Its stock had gone from 18 to 133 in the time it takes to say "cubic zirconium," and I thought it could only go higher. Instead, it suffered the most brutal, protracted decline down...

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