Off Topic, But quite Interesting
I just could not resist posting this E-Mail from a friend. I points out the LUNACY of what has happened in the past couple of years with some Internet companies.I feel comfortable with CUX as a shareholder and will continue as the company grows. Folks we have real value in this company. IMHO. I pity the shareholders of these companies listed below. What the hell were these pros thinking when they got their clients into this crap. Well I think we all understand what has happened. BIG MONEY CALLS THE SHOTS PLAN AND SIMPLE AS THAT !!!!!!! Good Dayyyyyyyyyyy Ronald
Hall of Shame
Priceline, of course, wasn't the only stock to have price targets that were never reached.
Company High split-adjusted target Issued Current price Ever hit target Investment Bank
Priceline.com $190 May '00 CURRENT $5 Not a chance DLJ
Yahoo $300, $250 Dec. '99, July '00 CURRENT $55 Never topped $300. Just barely topped $250 before call. First Union Securities on $300 price. DLJ, CIBC on $250 price.
Amazon.com $66, $160 Dec. '98, Feb. '00 CURRENT $24 Topped $66, Never topped $160 CIBC Oppenheimer. J.P. Morgan
EBay $150 July '00 CURRENT $59 Never hit DLJ
FreeMarkets $550, $300 Jan '00, December '99 CURENT $39 Never topped $500, topped $300 DLJ on $550 price. Bear Stearns on $300 price.
Ventro $300 Feb. '00 CURRENT $6 Never topped Bank of America
AskJeeves $230 Nov. '99 CURRENT $13 Not a chance First Union Securities
Webvan Group $50 Nov. '99 CURRENT $2 Not a chance Deustche Banc
ICG $250 March '00 CURRENT $12 Never topped Robertson Stephens
Ronald (Macker the Hacker :-)) |
