This is just killing the analysts. Here uBid is soaring, and they missed it. Completely missed it. Yesterday, the pundits came in saying that the increase was in sympathy with the ONSL deal with YHOO, which of course had nothing whatsoever to do with it. Today, they try to come up with explanations to justify their inability to explain the phenomenon, that being the reasons why the phenomenon shouldn't be happening.
The problem is that it is happening, and happening without them. And volume that has been had over the past five sessions isn't grandma and grandpa. When the 5000 blocks crossed the ticker today, we are talking about almost $1M per shot in purchasing five minutes before the close. Some dumb retail invester chasing this misunderstood dog of a stock? Not really likely. People really hate what they can't pigeonhole. Fortunately, whether the analysts want to understand it or not, it is what it is and will be what it will be. God bless America. It must suck to be a pundit and find out that nobody was listening.
SHG
PS: An aside about the tulipmania thread. 1. The person who started the thread is a notorious negative poster on net stocks, which is fine assuming you realize his perspective. 2. The thread reeks of miserable people who made no money while watching the various net stocks blow past their coca-cola shares and who hate the fact that other people who dared to take a chance did so extraordinarily well. Kinda like the old fart who refuses to buy a new device, like a TV, because "it'll never make it." 3. None of these people, analysts, net-stock-haters, shorts, are willing to grasp the fact that first computers, and now the net, have caused fundamental changes in society with ramifications that will alter our way of life. It is here and it is here to stay. These companies exist in a new world, previously unoccupied, that has been created out of nothing. It is a dawn of a new age, and still very much in its infancy. |
