Bootz, please post your reasons for each so that we can do our own DD and compare with yours. Thanks.
Rick,
May be a little late for reasons on MSGI. When I first got in and mentioned it a week or two ago it was at 17 5/16. Today it was up 12 1/2 to 41. Yikes! In a word, Internet. Hope some others on this thread got in.
The other bet, BILL, hasn't bumped yet.
Both are background players in the Internet and communications areas respectively, that is, they make their money off the growth of those fields. If you think the Net & communications are going to continue to grow, well, then, there you are. Do your own DD, as you suggested.
ZAP is also trying to make a Net play. It was up 2 7/8 today to 12 1/16 on news of a stockholders meeting. Will be an interesting one to watch tomorrow. I hedged my ass and took a little profit. I don't think the real run on this one will come until ZAP announces its new portal page, which could be as long as a month or more. But watch tomorrow. There could still be time to get it on this one if there's a lot of profit taking tomorrow. It did over a million shares today.
MSGI has exceeded even my expectations; I thought it would be a long, steady hold and instead it's going crazy. Ditto NITE, which I got into at 53. Today it was up 9 to 97 1/2. That in less than a month. If management is smart, both MSGI and NITE will soon announce a stock split. (There will probably be some serious profit-taking on these two tomorrow, too.)
The market is simply crazy about Internet stocks right now and there's really nothing to do about it for the moment but to go with the flow. When in Rome...
I wish it were otherwise. There are a lot of good small caps and other stocks out there, but all the money's going to Internet stocks.
I keep waiting for the Highway Bill billions to filter down, but no go so far. All analysts can see is Internet, Internet. When it does happen, big concrete suppliers like TXI will be stocks to watch. Probably a bargain even now, at a third of its 52-week high.
Oh, I forgot CD, Cendant. Up pretty good today. Forget the CEO's reputation or lack thereof. CD is a cash cow, pure and simple, with fingers in Avis, Century 21, Ramada Inn, etc., etc., in other words, the Heartland of America. 52-week high of $41, now trading for less than half that because of an accounting scandal with the company it merged with. Buy it and forget it. Double your money in two to three years or less. CD is the kind of stock pension managers and large institutions buy by the hundreds of thousands of shares. Especially at these prices.
And I say all the above as someone who didn't have the perspicacity to get out of CSMA when it was at $2.65. But that's how we learn.
Bootz
|
