>>. I think it will be in 30's - 40's in next 12months. What do you think?
David, don't be too conservative. You're liable to get a lynching mob after you. When SEEK was struggling to break 8 bucks, I was giving it fair value of $24 end of year. At the risk of more enciting, I still stand firm there(not to say there wouldn't be a pop- like we saw recently, but look, it was unsustainable)
Investors hop into SEEK, 'cause she's the reasonably priced one. They come up with nothing more valid as a "runner stock" than comparison to the rest of the pack. Well unless you're new here, you know SEEK definately marches to it's oun tune.
I still haven't figured out Motro's motives yet(sacry thing- I don't think he's sure yet). I give him credit though for backing out ofd the NSCP deal. I think that's ultimately going to bleed XCIT.
There are two ways to take up a position here. 1) but is at a low support, and when she gives you somethn' take the money and get the flock out of Dodge. 2) Buy then/ it at whatever, and let it collect dust. The latter is what I have with a mere 200 shares of XCIT( as tempted as a trader would be to have sold at the 90 range, I held out. The shares are essentially free at this point, but After the recent action there I may dump if the 70's come soon.
I currently hold no SEEK( although my two kids are locked in at $6-3/8. They have it right. Go to school, come home play, do home work and never wonder what SEEK closed at. Saves a lot of wear and tear on the ulser.) I do watch her daily, and know some folk who think it's time again(as she's getting into the trading mode the others were in about a year or so past) For me, I'll hold out till I see $18 again. Might miss it, but won't lose money it I do.
I am now at this point looking, like everyone else to see a partnering acnnouncement, but judging by her track record, don't hold your breath. What will move her will be the earnings...... That's my basis for entry.
One good thing SEEK has on her side is that she hasn't prostituted her slef yet for the shareholders. Good, bad, I respect that.
So I guess bottom line is that pending a deal in the wings, by Dec.31 it'll be at 24 or 80. How's that for a cousion?
I will trade her again if thye opportunity arises, if not, no love lost. She got me this much closer /---/ to buying my farm, and for that I'm temporarly grateful. The market(IMO) is ready to get a bunch of people snarred in a bear trap, and I'll patiently wait for the right time. |
