I hate to say it, but your comments are pathetic.
1.) Insider Sales, you are one of the guys who are the people who would want officers to invest until the day that they die. Well lets compare that to your average holding period. A day, a week, god forbid you would think a month.
I don't disagree that insiders should be held accountable for a period of time, but these guys are up to there respective 144 filing dates at least a couple of gigabytes. Who is your investment advisor? You should have 100% of your net worth in one stock! OK tell that to your wife and kids.
2.) How many of the people that have been short MECK (arguably the first internet stock), AOL, YHOO, etc., have rationalized that they will be broke ville before recognizing that they have become toast ville. These companies readily can raise capital once volume increases, none of us particularly like some of the ways that they do it, but to ignore the fact that it happens is like walking into a shower that turns into a gas chamber. (I hate those people also. I didn't mean to offend anyone here, and apologize in advance if I did.)
3.) Wake up and smell the momentum. There are many factors in these internet stocks that have changed how things get valued, I agree some are right and many are wrong. It really doesn't matter if you want to get in the way, you may pay the price short term, and some will get hurt longer or intermediate term.
Promoters and brokers used to be (was it weeks, months or quarters ago) were the major influencers of stock price accumulation and distribution. Today, its the buyers of the stock, or the sellers of the stock. Only a short time ago I absolutely knew that money managers (mutual funds) generated the biggest increases in buy side volume. Now, they want to see the internet retail stock investor bet involved. Go ahead throw the kerosene on the fire.
4.) I absolutely agree that a lot of this internet stock stuff is about as bad as Rick Neuheisel's ethics (I used to love the Huskies, but now feel very sorry for them). None or None. That really doesn't matter because all of us can now vote for little or no cost, other than what we really believe in. Go ahead run the ball Slick Rick.
5.) Capital still matters (duh), so invest in the strong ones or watch where the smart money goes (see Paul Allen Go2NET and the next busses he gets onto). Our existing bus may have more backing than the short guys want to admit, but we really ethically shouldn't be too critical, since when we are down we can resort to a variety of unethical tactics, (not me).
See you higher. Check out FRNT, its not internet its just higher. EPS will blow out expectations. (Sorry for my ethical indescretion here, but stocks that are trading at about 5X earnings the current fiscal year earnings are worth a little more exposure.)
Best of Luck, and I hope you had Miami of Ohio in the NCAA tournament pool (at least so far, if you did let me know your stock picks!)
Oh by the way, go borrow some stock but when you do let us know where you get it from, GOOD LUCK. SEE YOU HIGHER! |
