BNBN price was hiked and it is below IPO. MAIL.COM price was lowered to ludicrous levels and it almost doubled intraday.
Both of those companies are pure Internet bets, which is the territory of speculators, day traders and gamblers. While TWE gets some of the positive shine from the Internet sectors due to their online trading operations, they are closer to Schwab (i.e., a real, profitable business) than the Internet pure plays. Your reason for not liking TWE (the float is too large) ignores the fact that the tech companies that have dominated the Nasdaq for the past 2-4 years are exactly that, large cap (= large float) companies.
Perhaps the reason they raised the number of shares rather than the price was because both institutional and individual investors want shares, and raising the price would scare away some individuals? Either way, its a sign of demand.
The reasons for buying TWE are different than buying a company like MAIL.COM, so stick with whichever investment style works for you. I get the idea TWE will do well tomorrow, but I really have no idea whether it will trade up 2 points or 20. I would doubt it would trade down, but who knows?
Anyway, we'll find out tomorrow.
Elroy |
