re. CTIG
Thanks, Madeleine, but I am leary of penney stocks.
My job involves software development and I used the Internet many years before it was cool. I am not an expert but knowledgeable.
If you want to make money on Internet stocks the safest approach is with the strong players like AOL, Amazon.com, Yahoo, and the like.
There are no shortage of new players that have done very well recently like PCOrder, Abovenet, Priceline.com. If you were lucky to get IPO shares in the range 10-20 dollars or even got in after the dust settled, you would have done very well.
I did invest in a weaker player Message Media, Inc. aka, First Virtual Holdings. Got in around 2 1/2, exited around 7. Still many hopefuls (they have a thread on SI) dreaming it will get to 20 and beyond. Of course this thread leads the way in dreams and hopes.
So, thanks for the tip...I will do my own DD but will probably not get in. Only reason my portfolio is doing well is from movement on the large caps, stocks trading 80-150 at the moment. Small caps are speculation....it's a waiting game, a hoping game, you know jack about the company and the company does not care if you know jack.
Small caps are like a trip to Vegas...only minus all the entertainment. At least there, if you lose, you have diversions to cheer you up. No joy in Muddville when a small cap goes from .71 to .17. |
