Jesus folks...
This is an Internet stock.
It is a thinly traded, small cap stock.
It is going to be very volatile, and move irrationally.
I've been watching it for a while, as, if you want to trade in small cap. internet stocks, it is really one of only a few options available that offers the small investor the opportunity (and risk) of investing in an Internet company that isn't widely followed by mainstream analysts, etc.
My only regret was that I didn't drop a few thousand on it back in February.
Personally, I really don't see any rational reason for the stock to be trading at this level, but then again, even though I ran an Internet company for the last four years (never took it public though, sigh), I never could figure out what the hell was going on...
The concept that a company with $6 million in revenues could take over a company six times its size baffles me, but being public and highly valued sure must make things easier!
Thomas |
