If they can continue to grow
sales AND improve profitability, then you may have some sort of case to justify
a $100 price.<<<
Rob, the growth is there... on all fronts... 116 million in revs., what internet ipo has those kind of revenues. I guess i don't get it. Rob, I say the stock will be at 200 or higher in 6 to 9 mos., if the market doesn't tank. It's hard to say where it will be, but i think it will settle down above 100 short-term, support at 94.
I agree that these internet ipos will reach a saturation stage, but by no means will that crash and burn Yhoo, Amzn, Aol, Cmgi, and some of the other leaders. Caution is warranted in here and i fully expect more volatility with all stocks. But i'm not going to cash out my Amzn longs because of a little volatility. Right now the market is technically weak and we could see more to the down side short term. As i have stated before, i think the market will be in a trading range till the end of the yr. or first part of the yr. Hopefully Right, Mark
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