Tom, if gambling means a 400% return in last 6 months, and
700% return in last 12 months, I will take this gamble again
and anytime in my life.
You can short whatever you want here and I am just going to
hold my internet basket (EBAY, YHOO, ATHM, PCLN, AOL, GCTY, CMGI,
MMXI, TSCM) for another 2-3 years and see if this is a gamble
or investment. I don't feel gambling at all, as all these stocks
except YHOO AOL CMGI were bought at the IPO price.
BTW, when was the last time that shorting a stock becomes an
investment? It looks more like a gambling to me. Don't you
know that your loss is unlimited? Don't you know that people
went broke because they shorted AMZN? On the other hand, I
haven't seen anyone who hasn't at least doubled his money by
going long on internet stocks in the last 12 months. |
