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Non-Tech : Marchex, Inc.
MCHX 1.740+3.0%Jan 27 3:59 PM EST

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To: PeoriaChief who wrote (55)9/19/2004 9:53:00 AM
From: playavermont   of 159
 
Well it is good to see that you are here.

As far as Marchex is concerned - They are up exactly 90% from the IPO price of $6.50 and 40% from the first day closing price of $8.88 on March 31, 2004.

They have shown tremendous price strength over the last 2 weeks with rising volume. It just seems like they are the "Northwestern Insurance" of internet search stocks. They are the quiet internet search company.

I believe very few people even know they exist. I believe even fewer have any idea that these guys who founded MCHX were the founders of Go2net which did very well back in the hey day.

I like to check in on them thru Google news alerts. The last important alert was about the acquisition of Goclick.

You have to wonder what is going on behind the scenes as far as partnerships and acquisitions. In light of the upcoming ecommerce busy season you would expect some nice partnerships to be announced soon. You have to wonder what would happen to the stock if they show great growth over the next few quarters in light of the low float.

What happens when people see a small internet search upstart with tremendous growth and only 6% institutional ownership? Insiders own about 80%.

FWHT has 46% institutional ownership
ASKJ has 89% institutional ownership
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