Here, Here, Law... You've Got It Right...
First, Gene and Tom, thanks so much for your very kind responses.
I feel extra blessed.
About now, one starts hearing that the world is coming to an end.
Oh, for the retail buyer in at 45, sorry about that. That doesn't
feel good. Today. But, a year from now--does anybody still think
about a year from now?--will 45 look like a sucker play, the pump
before the dump? Hell, no. Take a step back. Get out if you
must, especially if you were hoping for a quick kill. But, remember
recent history about getting out. I look at YHOO. YHOO was
running fast and furious almost to two days before earnings release.
Then, there was a strong (or relatively strong) sell-off 'cause
folks got to sweating (IMHO) whether earnings numbers would be
really surprising or not. (Actually, that's me constructing a
story out of scant evidence. Who knows?) The numbers WERE surprising. Zip back
up to $120+.
SEEK isn't YHOO, of course. But, high-traffic search engines
ARE positioned best to benefit from the coming boom in e-commerce.
And the cycle of revenue-sharing payoffs (thus creating rather
wonderful upside surprises in earnings--stuff that will baffle
analysts (XCIT's got a leg up here)--is just in its infancy.
SEEK has now added a significant "online community." More
eyeballs. More folks lingering at the site. Better value for
advertisers. More exposure to advertising messages. And the WBS deal
was a steal, dirt cheap.
So, make your call. Play long. And you'll see SEEK in the
60's and 70's easily within a year. Not a bad pay-off. Or move
on. There are LOTS of opportunities out there. But, I can't imagine
any greater opportunities than those associated with or directly
participating in e-commerce.
If you're lucky, once in a lifetime you get to play on the
side of a new business paradigm and tremendous economic infrastructure
shift. (Pardon me for using the word "paradigm": it makes me
barf, but it does communicate.) And, folks this is that chance.
So, SEEK or no, at least take a look at the fuller e-commerce
picture. Plenty of fodder for every stripe of investor: day traders,
SOES bandits, shorters, LONGfellows, options players.
Best Regards To All True SEEKers,
c m |
