The Red Light Report, Evening Edition...
Now, really, was today a huge surprise for XCIT and SEEK
holders? I hope not. I got stopped out at 38 on approximately
half of my holdings. I'm not complaining, mind you.
Goodly, happy profit from 18 to here. (Shouldn't have
cleared my position from the 9 level when I got to 17
and a half... but wanted to feel and touch the money.)
Now, that XCIT's numbers are out... and the tumbling has
begun... I note that on the SEEK threads, both YHOO and
SI, there are the doomsayers and shorts making loud.
BO-ring. Predictable. Somebody even suggesting that
their will only be ONE SEARCH ENGINE and that will be...
gulp... pause... chortle... YHOO...? A bit like calling
AOL a chat room.
I'm interested in what SEEK will announce next week.
And whether it can de-couple a bit from the XCIT
association (not that that's bad)... and get some run-up
in anticipation of beating the street.
(BTW, here's a wild scenario I ran by a few friends over
lunch. What happens if the Dow does a header and our
happy little e-commerce players de-couple from that
world... money flowing into them by the tanker truck?
It's just a wild flight of fancy.)
Been looking at an e-commerce dog called CNKT... beaten
up mightily with reverse split stuff and, I gather, some
really bad management. Just landed a serious contract,
though. And, I gather, they've got their product act
together. Oh well, one for the file.
Best Regards And A Happy Weekend From The District,
c m |
