Two points made that I agree with completely. Steve's warning is absolutely correct. Incredible as this stock has been, it remains a stock, and is no place to risk the house. Neither panic buying nor panic selling should dictate your decisions, and never, never invest what you cannot afford to lose on any stock. But Steve's admonition is something all of us should remember, especially in good times.
Also, I believe that Mall remains significantly undervalued. While the analysis does not fully reflect the time value of money, nor the risk factor inherent in the 180 day lag until issuance of the .71 shares of uBid to Mall holders, both of which should justify a discount in the price of Mall, Mall does not reflect the value it should as yet. The anomoly remains a great opportunity, or at least should be absent some missing factor of which I am unaware.
And Wayne, I told you that you would hate yourself in the morning. But I am sure that you will find other places to take comfort. If I am correct about the direction of uBid over the next 2-3 weeks, this might still be a place where big gains can be realized.
One last point: Since uBid is relatively difficult to short, and there are no options, this stock has a good chance to find its level unfettered by the speculative influence of shorts and manipulators. While I admit to being an unabashed bull, I trust that I had nothing to do with the "frenzy" as I certainly don't wield any influence. So I see on the bright side that uBid will have the time to reach $300 and base there, a la eBay, without shorts trying to profit from turning it around, something that would likely have occurred after the first 50+% increase under other circumstances. Whether or not it has the steam to reach $300 is another matter. While I believe it will, it is not particularly important. The market will do as it must, and the analysts will eventually come to the realization, just as they did with eBay, that solid-concept e-commerce has no respect for antiquated institutions.
Best to all.
SHG |
