Stockpickr: Bill Miller's Internet Stock Revenge

Bill Miller wants revenge and I believe he's going to get it.

It's an incredible feat to beat the S&P 500 for 14 straight years in a row (averaging an incredible 16.6% per year), particularly during the greatest bull market ever. But this year Miller missed the market.

However, I believe we're going to see a strong comeback in Bill Miller's top holdings in 2007.

Alas, for now, you're only as good as your last year and folks are making fun of the fact that Miller, by returning 6.4% last year, even lagged top Playboy Playmate, Deanna Brooks, who returned 43% in the markets trading contest.

However, Miller is more bullish than ever. He 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 I believe are the best stocks he's got going right now.

First off, we have Yahoo! (YHOO Quote). 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.