Thanks Mike, I hadn't seen these.
Of course, domain registration can be purely defensive.
Get the domains under the presumption they'll be used
someday. Nonetheless, this set is pretty interesting.
Shows what GMGC is thinking about. You're right,
that vportal domain *really* gets one thinking. Ok,
GMGC is not going to create their own portal, so that
means they need to partner with an existing portal.
The suspects, I suppose: Yahoo, Excite, AOL, Microsoft,
Netscape. I'll take any of the above.
With regard to the earlier thread about some people
selling their GMGC due to lack of movement. I'm with
Mark on this one. There are investors and there are
traders. Different species. I'm firmly in the investor
camp, but certainly have nothing against trading. Just
a different mindset. Therefore, from my perspective,
I'd only sell GMGC if business fundamentals changed
or if it's price got too ahead of itself (like earlier
this year). I see only increasing strength at
the business and technical level, the price is
in the basement, so why sell? At
5 1/2 I'm slightly underwater, so why, in particular,
sell at a loss? It's simply a question of waiting until
valuation is in line with these fundamentals. I'm
very patient. And if we trend much lower I'll take advantage
to lower my average price.
I'm not tempted in the least to chase the internet bubble.
You know, I owned Yahoo and AOL. Made modest profits on
one, very good profits on another. Bought both when they
were pounded down and sentiment was negative. (Unfortunately,
I sold far too early, 20-20 hindsight). Still, I invested
on their fundamentals and sold on the same. Now it's just
a sucker's game, at their current prices, imo. GMGC, in contrast,
represents a fundamental value play. This is why I'm sticking
with it, and not buying any more Yahoo. To each their own ...
I'll mention one other thing to any newcomers. Go back
about a year on the SI thread. At that time a few of us on
this board were buying at $1 and $2, and no one else would
touch the stock. Regularly we'd get smacked for throwing
our money away when better trading opportunities were to be had.
Months passed with no action. But then, as we know, GMGC sprinted
to 15 and some serious money was made.
I think a similar opportunity holds true today. But only
if you take the long investment view.
Sea Otter |
