My feeling is that COOL will gap up above $40 tomorrow morning, and trade above $50 before noon time. If the market presents the traditional pre-holiday rally, then COOL might finish up another $15 tomorrow, which sets up the stage for further gain on Friday.
Even if there are some profit taking for a day or two, don't panic! The profit taking will be light and shallow. Couple days back, AMZN went as high as $180 and crashed to $153 at the end of the day. Those short-selling people were happy that night, but next day AMZN traded above $200. So don't worry about possible $5 even $10 pts intraday drop. Remember this, THERE ARE MUCH MORE PEOPLE WAITING TO JUMP IN AT LOWER PRICE. So whenever there is a dip, there is more people to jump in afterwards. That's why best internet stocks always have the moving pattern of "forward 2 steps back 1 steps"
One more thing, there are 3 analysts covering COOL, all of them have a STRONG BUY rating!!! If analysts love it, you can be sure that COOL has a long way to go. AMZN is the perfect example.
In short, I think the whole internet fever is not over yet. It will at least last into the end of Jan. 1999. By then, we might just see COOL at $100.
Good luck!
MB |
