As you well know, fat and happy is an expression that means stupid. (Being fat and happy myself, I probably shouldn't use it though, eh! ;-)
I don't think that CServe was losing money when AOL made it's play. The Source was. Anyway there had been a business for a long time, and companies in it had histories of profits.
But you are just evading the point, which was that the business existed, the companies in it had established how it worked, and one knew one could make money in it.
Companies like YHOO don't have those advantages.
>The rest of your post is speculation, but holding for six months seems like a very good start.
The number of telephones in the world is not a total speculation, nor is the world population, nor Netscape browser numbers, although all of those are very inexact. One can still establish finite approximate limits given them, though. After all, when describing the limitless vistas available to Yahoo, we normally use orders of magnitude to describe our feeling about it, don't we? However, I give you full points for being a tireless booster.
Actually, I would not hold YHOO, but I not bet against it again soon. I shorted it once, at 17. Oops. I found out that the movements of this stock have nothing to do with profit potential, negative or positive. The hard way. For a while the stock will be too dangerous to touch, either way. But the hypesters will eventuall go away, and then a look at the numbers will instruct us. Say in 6 months or a year. Right now I have no position, but am waiting for an opportunity.
Let us all know when you get out of your long position, will you. I'll know that hell is freezing over, too.<G>
Chaz
p.s. You seem to have missed my question about the insiders bailing. Is it True? And Why? |
