I unloaded my XMCM position friday after having got in wednesday at $32. Largely because two weeks ago i got in GCTY in low $50's, watched it go to $75 - didn't dump it - and then watched it fall to its close friday of about $59. I was sure that GCTY was on its way to $100. Several people have referred to "wednesdays numbers"...are these the mediametrix numbers (top 25)? |
Long term i love XMCM, GCTY and any other stock on the top 25 visited sites that isn't trading at $200 per share. Clearly, e-commerce on the net is where the profits are. Companies that have the large visitorship can easily throw e-commerce into the offering, and more and more people on the net are showing a propensity to purchase on the web early in their usage cycle.
That is will i will buy and sell - and accumulate some long - positions in stocks like XMCM, GCTY and TGLB in 99.