Thanks, Laszlo, for providing these companies as proof that WOOD can go to MUCH higher share prices.
In an earlier post, Mah mentioned CMOZ. Well, I went long with CMOZ (then MISM) when it was at .12. Bought some more at .25. My average share price is under .22. It began last week around .40. It hit $5.00 in the course of the week--and they don't even have a web site yet! (I sold 1/6 of my position at 4; still way long, believing it's only just getting started.)
But this post is not about CMOZ. It's about the UNPREDICTABILITY OF INTERNET STOCKS. *Anything* can happen. Lasz, you supplied some great examples; there are countless others. I now own 30 Internet stocks just because I know at LEAST 1/3 of them will pop, and pop BIG when they do! And I'm buying into more companies every week.
Why they pop is often (always?!) a mystery, but this is for sure: The Internet is in its infancy. Computers are getting faster. Modems are getting faster. Lines are getting faster. And as computers get faster, they are also getting CHEAPER. All of this equals: More people online worldwide, growing in number every day, all more rapidly accessing tons of sites with virtually no waiting. As MILLIONS make their way through Madera's site, many will buy. And they will tell their friends. And they'll all continue to buy (repeat customers)--reminds me, does everyone remember the day after last Thanksgiving? Internet stocks went through the ROOF, many of them 10x up, WHEN IT BECAME OBVIOUS THAT 1998'S CHRISTMAS SHOPPING WAS GOING TO BE DONE IN A BIG WAY ON THE INTERNET. Of course, this tendency will only grow.
So I have said I believe WOOD can go to $5 by 8/31/99. WHY THE HECK NOT? Anything can happen in this arena, AND IT DOES! EVERY DAY!
Lastly, to Prole: I too feel David/TOP brings up good questions. If we all agreed on everything, this thread would just be a bunch of back thumpers and we'd be forced to learn nothing new. Still, I also agree very much with you that he has a hidden agenda. I find it INSULTING that he would buy 100 shares just to assuage us! "WOW! He spent 15 bucks--he's now one of us.!" Ridiculous. Buy or don't buy; go long or short; but don't be like a derelict hanging out in a shopping mall annoying people. I certainly welcome his contributions; I just also wish he'd come clean, as we are all adults and none of us believe that he is here to save us from those big bad companies out there. If I lose my investment here (which I won't), it's no one's fault but my own.
30,000 shares long AND HOLDING.
Jeff |
