Slurper, I agree. But I am getting a little anxious about all these net IPO's. They all had excellent days Friday, jumping at least 10% or some 50% (SRCH). Anyway, I think the Net stocks will be rockin' next week in anticipation of Yahoo's earnings, but I think investors in general are getting careless w/ IPO's again. Do you seriously think ASK Jeeves (ASKJ) is worth $70? Not me! I think we will see $25 in this stock by next week, or the following week when the quiet period comes to an end. Long term, this baby is excellent. BTW, I am not an investor, but more of a trader. I play the IPO's..get them low (a week after the IPO comes out) and sell them when the buy ratings come out. Overall, my 52 week target would be $40-$50, because PASA hasn't started its mass advertising yet. But short-term, I look to get out anything above $25. IMO
Padlock |
