Actually Jeff, that's not true. Because it opened at 17, not 15.75. I got in quick at 17.75. Long-termer on this one. Might want to add it to your index. Just about every internet stock that really ran big since last summer (I mean 10X plus) had one thing in common: market leader or co-leader in huge market segment. Very simple. The ones with good ideas and good businesses did fine, but rarely did they explode. Top of my head: NSOL (virtual monopoly on domain registration), RNWK (85% of streaming software market), EGRP and AMTD (leaders in online trading), YHOO (leading search engine), AOL (leading ISP), AMZN (leading e-tailer), EBAY (leading auction site), GCTY (leading online community) and maybe a couple of others. I though last year when these had risen a little that their competitors would follow. But I was wrong. The big just kept getting bigger while the others did fine, but really were not outstanding (ie. - SPLN, PTVL, NETG, LCOS, TMCS, ONSL, UBID, etc.). In fact, many of these are actually the same or lower than they were a year ago. So it seems to me "gorilla internets" are the way to go. It's hard to find, but you need a leader in a potentially huge market. My last pick was RNWK and I have waited a couple of months investing in no NASDAQ's before I noticed ABTL this morning. This seems to have all the credentials to go to triple digits (which, by the way, PaineWebber's analyst predicted might happen with an internet rebound; without one, he conservatively predicted $65). Just food for thought. For tomorrow, I am going in with CLVE.
CLVE - GIZMO&JACK - FLOAT ? - .71-.74 - Enormous # of profitable businesses (sports, gaming, finance, etc.) with soon to be released news on acquisition of tradercents.com, a site not dissimilar to our beloved SI (that already has many SI members on it) that is receiving already 3 million hits/month. |
