Not to argue the point, but one day does not mean a hill of beans to most of us. Last week, there were several days where SEEK outperformed yhoo and xcit by healthy gains (in point terms and percentage-wise) and the results were posted here. In fact, there was a day last week that the dow was down quite a bit and SEEK managed a gain while the others were down. For a single day, however, your theory was correct.
Here's my recap of SEEK during the last month:
In one month, SEEK has gone from 13 1/2 to 19, a gain of 42%. Over 50+ million shares have been traded from in the last month (conversely, only 18+ million shares traded between 1/13-2/16). Deals with Microsoft Expedia and REALTOR.com have been announced. Positive reports have been made in numerous articles, from Forbes to the Internet Stock Report to MSNBC to the monthly Search Engine Report. Oh yeah, don't forget those little buyout rumors. So, IMO, to say that SEEK has risen for no significant reason is just not true. Unless some type of market blip occurs, I just don't see SEEK pulling back to where it was. Sure, pullbacks and profit-taking are bound to occur, but that's just part of the game.
Best regards and GO SEEK!!!!!!
-tk
ps. Now, after having said all that, if my luck holds true to form, you'll see SEEK at 15 <g>. But, we'll also see it at 23 again before too long. |
