To Jenna (or anyone)....I would like to get some views on recent IPO plays ie. MDCM..ICGE..etc.
It seems to me there are a number of ways to play these IPO's one of them being "gap plays". Its an excellent way to get potentially a huge profit, especially at the opening minutes of the market. If you will notice there were a number of gap plays from these IPO's that PAINS me to not have been a part of them, but fortunately I was able to take advantage of some of them. Being a position trader, I'm not always looking to necessarily "daytrade" and also due to my normal job I'm not able to daytrade most of the time. Having said that I believe "playing the gaps" is an excellent way to profit, especially in this market. In particular I would like to get some opinions of these gap plays from you and one IPO in particular..LOOK. LOOK seems to have not even reached its potential when you compare it to all the other search engines. For example....
BusinessWire, Friday, August 27, 1999 at 08:19
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 27, 1999--LookSmart
(NASDAQ:LOOK), a leading Web directory and search service, today
announced that Media Life Magazine ranked LookSmart 13th among the Top
15 Web Properties on the Media Life Sticky Index.
The Media Life Sticky Index, which ranks Web properties by
tracking the amount of time a user spends on one site, using
Nielsen//NetRatings' ranking data, included LookSmart in the company
of leading online auction, e-commerce, entertainment and search sites.
"Numerous industry surveys emphasize that next to email, search
is the primary reason why people use the Internet and this ranking
proves that we are reaching our goal of providing consumers with a
high-quality search environment," said Evan Thornley, co-founder and
CEO of LookSmart.
"The Media Life Sticky Index ranking reflects the intuitive,
user-friendly category structure of LookSmart and complements the July
Media Metrix ranking of LookSmart as the 11th most visited Web
property."
MEDIA LIFE STICKY INDEX - Ranking of the Top 15 Web properties by
"How Long People Stay" during the week of Aug. 9 - Aug. 15. Includes:
(1) eBay, (2) Yahoo!, (3) MSN, (4) Excite, (5) GO, (6) AOL, (7) Blue
Mountain Arts, (8) Microsoft, (9) Time Warner, (10) Lycos, (11)
Amazon, (12) Snap, (13) LookSmart, (14) AltaVista, and (15) Real
Networks.
LookSmart's directory contains over 800,000 unique URLs in more
the 60,000 categories, and is organized and maintained by 180
professional editors to provide high-quality search experiences to its
users. The LookSmart category-search directory is used monthly by more
than 43 million unique users through its syndicated affiliates and
network of 220 ISPs.
LookSmart also offers enhanced vertical content channels such as
LookSmart Money, a complete finance service that users can
personalize, offering up-to-date financial news and stock quotes as
well as individual portfolio tracking.
About LookSmart
LookSmart (NASDAQ:LOOK) is a leading Web directory and search
service that creates and maintains one of the largest editorially
reviewed directories of content on the World Wide Web. LookSmart's
directory is distributed through multiple channels, including a global
network of ISPs, major Web sites, portals and viral marketing.
Through its partnership with Cox Interactive Media, LookSmart
also offers one of the largest collections of quality local Web
content in more than 65 U.S. markets.
Thanks alot for your time.
TraderXx |
