Gene, if you had shares & sold at a profit today, congratulations.
I believe it will go higher but one never knows. However, there were decent gains to be made in AMZN, NSOL, UBID, EBAY, CMGI and a few others after their price ran-up for a couple of days. Anyone who sold their shares then is probably not quite so happy now. The internet investors are looking for the next internet stock with news to run-up. Even when the markets have looked weaker, the internuts have remained relatively strong. I believe that there's a better than 50/50 chance that with the revenue figures and cc COOL is about to release, plus the CNBC coverage, the internet momentum players will hop on board and Wednesday could be a phenomenal day for anybody who held. This involves risk, but the risk/reward ratio is actually very good in this instance imho. Playing the internuts is like flying without a net. For me, playing COOL at the moment is flying with a net ... the earnings. If there is weakness tomorrow, I believe it will be recovered with interest Wednesday.
I also think the chances are that we will have a good day tomorrow aswell .... but only time will tell !!.
Good luck to everyone.
Stephen |
