What do you think of this amazing crush to own Phone.com. It gets hard too believe at this point, but I guess there are institutions that don't want to miss this market. There were a lot of buyers today. It just doesn't make sense, but then...
I guess my fear is not owning some at the moment. I want to sell and buy a dip, but one has to wonder if there will be a dip. People are taking small positions just in case, and hoping to average down later. It seems like an investment that would be better off left alone and revisited in 2 years.
At some stage, who will follow on PHHCMM's lead? Maybe Spyglass?
I'm also very interest in Map Quest, but have little time to figure out their product. I never see any significant competition. Certainly, their ability to meld commerce, locations, and GPS into a smooth package muust be extremely valuable.
I'm starting to get nearly back to no margin. This is a good thing, but I want to own so many companies. And then you have the potential y2k crash that will offer up so many great deals.
Certainly, the market still has a lot of strength. Are you fearful, positive, or cautious? Every bit of caution I had earlier this year has resulted in great missed gains.
Regards,
mark |
