Bill Miller's Internet Stock Revenge

Bill Miller recently stated in an interview that he's so bullish for 2007 that this is the first year since 2002 that he is starting to use leverage to buy stocks. Here's what Altucher believes are the best stocks he's got going right now.

First off, we have Yahoo! (YHOO) . It has already made a decent run in the first few days of the year and I wouldn't be surprised to see this back in the upper 40s.

With its Panama product, we're going to see Yahoo!, for the first time, compete head to head with Google in the micro-advertising space. Finally, people will be able to bid for keywords across Yahoo!'s networks. Advertisers have been dying for someone to come along to compete with Google. The market had completely written off this aspect of the business to zero. Second, Yahoo!'s acquisitions of delicious and flickr will ultimately rival that of YouTube and MySpace as the best acquisitions ever.

And finally, Miller owns Diller's Interactive Corp., (IACI) . It owns the fourth-largest search engine, Ask.com, as well as top dating site, Match.com, lender Lending Tree, Ticketmaster, CitySearch and even CollegeHumor.com. IACI is like the GE of the Internet, owning companies that are in the top four of almost every category on the Internet.

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