I would never buy any of the internet stocks at their current levels. They are WAY overpriced, at the moment, and will fall back to earth. Many of these companies will go bankrupt. If it's going to be so easy to make money, don't you think everybody and his brother will start putting up similar websites?
Chris, I used to say the same things, only a few months back. I decided however to quit fighting the market and jump on issues that had the momentum potential. Since then I've made money on Inktomi, Netscape, and AOL.
Concerning Christian websites, there just aren't too many out there, so this one will be bought based on future expectations. Currently, 45 per cent sequential revenue growth looks pretty good. Compare the activity in Egghead.com. Fundamentals are the same for EGGS at 7 per share as they are for EGGS at 20, if you catch my drift.
Didax has the same kind of following. Any good news is an excuse to buy for a good drive upwards, particularly with the low float. I'm expecting about 20 per share in the next few weeks.
Speaking of KWHY TV in Los Angeles and the upcoming Parker interview at 9:05 PST on Tuesday, December 15, that station has a pretty good following in the Los Angeles area, where some of the wealthiest individual investors reside.
Good luck, and Amen to the truth in Jesus Christ.(not to be confused with AMEN, the NASDAQ symbol) |
