Jeff, Craig...
I mean, viewed from one perspective, SEEK HAS participated...
and quite nicely... in the Internet "craze" this year. Is April now
such a distant memory? Or our little jump in June...?
Met yesterday with some SOES trader guys who may want
to do some internet advertising. Anyway, on one level, it was
like talking to the moon. These are guys that do 157 trades
A DAY in their own accounts. So, when they heard I had invested
in SEEK back in December, then sold briefly, and got back in
a couple of weeks later... I looked like an anachronism to them.
What are you looking at when you look at SEEK? Its sector
"peers"? Or, now with the DIS deal (which, I think, still has to
be approved by shareholders), are you looking at DIS? Or are
you looking at Starwave?
One view of all of this--and I gather a minority--is that we've
apparently built a base at or around $31-32. Now, not so long
ago, that would have appeared as a ceiling in some our most
overweening fantasies... well, not MY most overweening fantasy...
but, still, a pretty nice place to be.
I know, I know, we all have different time horizons... and
bases... and, for some, entry points, etc... So, it's probably TOO
DAMNED EASY for me to sit back and go... patience, friends.
But, some of my SEEK compatriots, have said that "p" word
all along... even on SEEK's darkest $6-8 days.
Best Regards, Jeff, Craig, et. al.,
c m
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