To: ViperChick Secret Agent 006.9 who wrote (1440 ) 4/17/1998 3:59:00 PM From: Ron Gross Read Replies (3) | Respond to of 3183
What has become of this group? We have losers quoting their imaginary daddies, bears hooting and hollering "I told you so " the first chance they get because they have been so maligned recently, chicken littles running and screaming 'hit the deck, the sky is falling', and conspiracy theorists assuring us that any uptick or positive word on this stock is purely 'market manipulation'. Whatever happened to treating this stock like every other current favorite in the market. Yahoo is priced WAY high (too high of course). People start hearing more and more about Exicte and think "If Yahoo is worth that, maybe Excite is too. I'd better get in while it's still a bargan". The more they do, the higher it goes and the more people scramble to climb on board. It climbs so high so fast that people get nervous and think "Uh oh, could POP, better keep an eye on it and jump when the profits are highest." Earnings come out (better than expected and a loss that is no disappointment to anyone paying attention) and those people who got in without paying attention panic. Some predictable profit taking ensues as well. Even so, the stock is still more than 60% higher than is was mere weeks ago. It may drop a little more. Who cares? The company is still on target, perhaps still somewhat overhyped (hence the minor or no downgrades). Page views are still rising, ad dollars are going up (which are NOT threatened by 'anti-ad' software since that stuff can never keep up with page design changes, hence their failure to take hold), and the company is still looking at the same future it was looking at at the start of the week. The company may still fail, or it may still succeed as it has. But this quarter's earnings release is not ANY indication of either.