Mary Meeker, star analyst from Morgan Stanley, recently was mentioned in an article in the WALL STREET JOURNAL as "pushing" China-based Internet stocks. Based on her track record 1996 to 2001 (in the Internet space) I would suggest that Meeker's interest in China means it is time to sell Chinese Internet stocks ASAP.

Buying Chinese Internet stocks was a great idea about a year ago, but not now.

Meeker was known as the "Queen of the Net." Just about every idea she had in the 1990s proved to be wrong. She was fortunate not to get rapped by the government a la Henry Blodgett of Merrill Lynch fame. I am still not sure how she escaped the government's wrath.

China and the Internet have a future. Just be careful as a stock investor.