Ed: Just my cynical opinion, because you asked for comments (the following is just opinion based on trends I have observed):
1) DML went down but the others may follow on Monday or later next week.
2) DML is more of a promotional stock than the others (Grandich Letter followed it and may still follow it and somehow when a "popular" internet newsletter follows a stock other internet newsletters lend support to the promotion), and thus its formerly high price was not wholly justified. I am not knocking the promotion because the promotional support raised the price to a high enough level for holders to make some significant money. The idea was to get out at somewhere near the high and not dream that DML was going to 5, 10, of 240 dollars /share. Fear and Greed need to be overcome, not just Fear.
I have followed many Interent newsletters, and as much as they are criticized as hype, I have noticed that some of the promoted issues actually go way up in price from the point of coverage. Most don't though. Look at this history of the JOT story, which has been a 1997 internet event. I did not buy any, but I could have when it was promoted at 0.50 on more than one occasion. There has been lots of opportunity for someone who speculated at that level to earn a double (I am starting to believe that any money made in the market is earned). Many wanted and expected a lot more but who knows if they will get it? Those who bought at 1.50 or higher are, however, having a different kind of JOT experience. It was promoted all the way up, but it was promoted low.
I don't know if this adds to the debate about DML, but I think my investment style bears some resemblance to yours, in a nutshell, following the trends of price and volume, so I thought I would add my two cents. Have a good weekend Ed, and don't forget to share the computer! |
