I don't know why everyone thinks I'm a big day trader--I bought TSIG on June 3, as I said in a post on that day. My intentions are to hold 100% of my TSIG position for at least 3 months. If the share price has increased, as I expect it will, by over 50%, I will sell 37.5% of my position. However, I want to hold the majority for several years, because I believe that is where the real money is.
I was thinking last night, the internet music business is projected to be 2 billion by 2002, and if TSIG is one of say 5 of the biggest players in that industry, that gives 400 million. Divide that by, say 75 million shares outstanding in 2002 (worst case scenario, I hope), that gives over $5 a share. Give a PE ratio of 8, $40 a share.
Now, TSIG very well could hold a larger position in the internet music business. Also, the above numbers do not factor in both the additional revenues from The Card and the teleservices industry.
In less than three years, if things just go average, we would see 20000% appreciation on our investment.
Now, the exciting thing is, more than likely we would see that return in much less than three years, because of the general excitement for the internet and new investor interest. Imagine making that return in a year or two.
Wow |
