Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Overture (OVER) formerly (GOTO) -- Ignore unavailable to you. Want to Upgrade?

To: StormRider who wrote (108)	5/1/2002 3:28:20 PM
From: Ryan Bartholomew	Read Replies (3) \| Respond to of 429

That would be the easiest way to put yourself in jail. Anyone with a legal background will tell you that while possible, it is extremely difficult to get away with something like that, especially with a high-visibility company. I believe Overture was truly negotiating down to the wire, and just didnt pull it off because AOL was foolish enough to give up much needed revenue for a "strategic alliance" instead. No wonder AOL is on its way out. I still find it funny how everyone comes out of the woodwork only when some bad news hits. The fact is Overture is still going to grow very much with time, and this is a large over-reaction. All I can do to prove this is to sit and wait. By the way, I am not a daytrader, Donny. I have held my OVER position since it was below 10 and I have only jumped in and out of options when I have felt it was undervalued. Most recently (read my post from a few days ago) I sold my 30 calls when the Yahoo deal was announced. I then bought some 35 calls in order to take some money off the table but still have a leveraged position. Make $15K on the 30s, lost $6K on the 35s. Everyone has ups and downs, and people like you who have been bearish on Overture since it was below 10 should know that best. I will stay off of here for a while to avoid the hype and BS from some of you, but I will close by saying this for now: Watch the earnings. That is what matters in the end, as I have said all along. OVER is the leader in a rapidly expanding business, and their earnings will continue to increase. AOL was not nearly that vital to them, and Google will NOT be able to compete very well because they provide MUCH less revenue for their partners. Being in the business, I know this first hand. I spend one-fifth as much on Google as I do on Overture for many terms, and there is no sign of them being able to catch up because the relevancy and reach simply isnt there.