I got out a couple of days ago (but still skim this thread in case there is some info that will make me kick myself for selling too soon).
I think RocketMan said it best when he stated: "DCLK is going through the usual doldrums of an IPO after the initial excitement wanes...I think DCLK is in the doldrums now, and everyone is awaiting news. But unless the news are great, I expect we will remain going sideways or even a bit down for another month or two, before pushing through to the 40's."
It looks like DCLK has made its run for now. It just seemed that there was no longer any interest in DCLK, it did the usual post-IPO runup in today's wacky market, but these days there is a Net IPO every week(at least) and it didn't seem like DCLK was hot anymore when there was so much hype over the latest IPO (Exodus, Cybershop, ISS, etc.), so I felt that DCLK wasn't going anywhere for a while. Even this thread was dead compared to before, but I'm not saying that I base my trades on the activity of SI discussions. ;)
I have no idea why a typical investor invests in a Net IPO, but for me, it was a pure short term play, and it was time to take profits, and move my money somewhere else. As for the long term, who knows(I won't get into my opinions on the future of Net advertising), but I hadn't planned on sticking around that long when I got in.
I was also a little concerned that DCLK hadn't really participated in the tech rally of last week, but my selling ultimately came down to the belief that I had better opportunities elsewhere (probably not a recent IPO for now, there just seems to be too much unbridled enthusiasm currently)
Well, you asked for comments, but I guess I didn't really attempt to answer why it's going nowhere. Sorry.
-seni |
