Stuart
I agree, if anyone shorted this stock Friday hoping that the change in momentum would carry into this morning and create much more panic selling, they might be disappointed with -$0.91. And if they didn't cover, they might be a lot more disappointed when the PR comes out tomorrow or Wed. reporting major increases in click-throughs and revenues, and a possible relationship with Goldman. That would evidently bring some serious attention to HITS, but if it isn't GS, and it isn't in this week's PR, it will be coming soon!
Watching where Critical Path went today, and where IVillage went last week, I wondered where HITS could have gone, or should I say, is going with NASDAQ listing coming soon. Critical Path generated $897,000 in revenues last year and lost $11.4 million. HITS revenues jumped from $70,000 to $152,000 in February, they are already profitable and revenues are only increasing (quite dramatically).
If you feel uneasy holding on to HITS, then sell and feel more confident in another investment. I personally haven't felt this confident in a stock for a while and am holding until HITS appreciates on its own merits.
Best of luck,
JUST DOC'S THOUGHTS |
