Dix:
These guys probably said the same thing back when Amazon was at 2, 6, 10, 30, 60, 70, 80, ....... AMZN opens up today 20 points
Now I won't chase the pricey Internets...even the clear leaders...
I'm too poor plus see to much downside risk....I also never chase the IPO's so I looked for the undervalued ones and secondary plays in the second, third and fourth, fifth...levels. DBCC, DRIV, TSQD, BFLY are some of my current holdings. I've been one happy camper these past couple days.
One thing in common about almost all of these Internets on whichever level...is that they're leveraged to all h@ll. Valuations are based on the ability of the companies to realize revenues through their acquisitions one , two or even 4 years out.....
(Believe it or not, I still will publicilly state that I like PNLK as well...which isn't leveraged but has a lot of work to do to fulfill it's business plan).
Based on this rational....TSIG is a bargain. I won't say how many shares I've added since our last PM, but let's just say I added more than a few.
Does the DItchDigger dig the ditch for his own coffin?
Does this coffin remember that CDNow was started in the CEO parent's garage on $80,000.00 of credit card debt.
The Internet is an whole new parallel universe of commerce- with every sector soon to be represented in some new and innovative way.
"Flag finders" like Ditch man don't understand the rules....and like I said, he'll being digging his own ditch soon if he doesn't learn the rules of this new e-commerce world.
z |
