Again, At The Risk Of Repeating Myself...
To assume there is ANY NECESSARY RELATIONSHIP between the offer
for XCIT (BTW, even absurd offers have a way of buoying
stocks) and SEEK's fall... is... well... odd. I mean,
it's just as likely that SEEK fell because of El Nino
or the fact that the Seinfeld finale was a bit of
a let-down...which, come to think of it, seems plausible.
As a SEEK LONG-holder--and someone who has profited
mightily from my investment here--I am willing to concede
the point that Steve Harmon made today in his column,
"We still like SEEK, but need to see more in the way
of e-commerce deals..." or words to this effect.
But, in the absence of any evidence that relates a goofy offer for XCIT and SEEK's dip,
I'll just go back to my nap now. I mean, sure, your
THEORY is I suppose plausible...
Oh, well, today the Market liked XCIT and didn't like
SEEK... in any case, I hardly feel chastened by this
development.
Best Regards,
c m
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