SI
SI
discoversearch

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 : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?


To: Tony Harper who wrote (1962)4/13/1999 3:00:00 PM
From: mike.com  Read Replies (1) | Respond to of 13157
 
Cheap is a relative term. See my previous post to you. A year from now 19 3/4 will be cheap. John Malone is banking on it. I want to use the same bank. (I hear he's loaded!)



To: Tony Harper who wrote (1962)4/13/1999 3:04:00 PM
From: VIXandMore  Read Replies (1) | Respond to of 13157
 
On a more serious note, some of the other responses above get to the heart of the matter.

There is a good chance that this stock will finish strong again today, pushing back up into positive territory (21 1/2). It may also close at another 52 week high (22) and test the intraday high of 25 -- all of which will be very bullish signs. Even if it doesn't, there will be quite a few people who will just be learning of and/or digesting the LMG.a news this evening, so a strong opening tomorrow is not unlikely.

But...you should be thinking of the longer term. Ask yourself what the long term potential of this stock is (best case, worst case and middling scenarios) and the likelihood that Malone and LMG.a can make that happen. If you think all that upside potential is not priced into a stock with a market cap of only $500M -- as do 99% of us here -- then you might as well place a market order right now. Why quibble over 1/8's when you may just miss the boat entirely and decide it is too expensive to get in a half hour from now?

Again, you may be able to buy in at 14 by the end of the week, but most of us are betting against it.

Good luck,

-Bill