I was clueless the first time the stock moved up to $14 from $7 and then crashed down below $7 back in the Feb to March time frame. Sometimes this stock does wierd things. I know of only a handful of large institutional investors that have taken positions. For the most part, the usual suspects in the internet investment world and e-commerce world are not here yet.
The hoards will show up after the roll up along with the growing momentum in their site, sales and additional deals. They have not locked down any new portals since the orginal Lycos, Aol, Snap and C/net deals. With all this new cash from Intel and others, I would think they would attack the remaining targets (Excite, Yahoo, MSN). The fools that are short this stock or spreading false rumors have an agenda that is not based in the reality of this company's current or future prospects.
This stock will see $50 inside of this year. The analysts will come running. All we need is a roll up and Mr. Ashker to start telling the story to the street. I am sure he knows how to do it and to his credit, the story will finally be ready to be told without hype or complications (like still being under the PAMC name or having insurance underwriting operations). The web site is in place, the technology partners are in place, the private funding is complete, the roll up will be in place shortly and the company will begin commercial execution of their business plan, hitting stride in the first quarter of next year.
Hold your hats, were headed back up again! (Yes, that is bold faced hype, but it can be backed up). Good Luck. |
