bo, keep the faith, you could be right. I'm a bit more cynical about this business than you. I believe EGGS will get positive broker's recommendations when they pay for them....just like the others (case in point, see Benjamin's site internetstocks.com and declaimer printed below. Benjamin won't even discuss EGGS except to dismiss it by saying, there are no examples of successful internet businesses who started as non-internet businesses).
My point about tax loss selling wasn't about my own situation -- no pity needed, but about the stock's fate. EGGS now fall's in that group where most holders (except some of the newest and oldest) are underwater. That encourages tax selling this time of year. But, on the bright side, it could also produce a "January effect" assuming there is something hopeful about EGGS coming from the earnings release.
Re: internet stocks in general see - sjmercury.com
Benjamin's disclaimer BancBoston Robertson Stephens maintains a market in the shares of Amazon, CNET, Digital River, E*Trade, Excite, Getty, Lycos, NetGravity, NewsEdge,N2K, Onsale, Preview Travel, Infoseek, SportsLine USA, Yahoo! and has been a managing or comanaging underwriter for or has privately placed securities of Digital River, E*Trade, Excite, Onsale, and SportsLine USA within the past three
years. |
