Barbara, you are not alone in holding CLIC. I am still have 1250 shares, down from 1750 shares becuase I sold some to reduce some risk. I bought and sold a number of shares to average it down, so right now I am at a small loss.
I liked CLIC and still think it has lots of potentials, actually I was making money until today on it. I do not like to hype stock, because soon you lose your credibility here on SI, this is not YHOO board.
Originally, CLIC exhibited every trait of a potential winning IPO to me. All of it's peers are over 150, ecommerce software stocks are in total mania on the market. My DD convinced me that this is the one to chase. It opened at a bad day, so I figured the down risk was relatively low. As CLIC making its assault on 64/65, it couldn't break that resistance, and then the market plunged, then the earning fiasco. This year, the only major trade setback for me is NITE and CLIC. NITE was a joke and was my fault. But CLIC kinda caught me in surprise. Espeically seeing its peers are all in stratsphere and I feel really left out<sigh>. Even stocks like KANA and EPNY are in 80's, man, it hurts to see CLIC on wheelchair.
So what's from here? I do not know. I am going to hold for the moment(not a recommendation to anyone else), just because I am sitting on too much cash that I do not know where to put. All the companies I like are over 100, this market is insane. I sold some FDRY, ARBA and ICGE during the past several days, but still has some CSCO,CIEN, EMC,MMPT,WCOM and CLIC here. We will see what's going on. Longterm, CLIC should be decent, but I will not hesitate to sell it and report as a capital loss for tax purpose if things change fundermentally.
Good luck, we need it a lot in this market. |
