[Ninjatune]

If your dishing out more than 5$ a pop, your getting ripped.

[edwardcyh]

Originally Posted by Ninjatune

If your dishing out more than 5$ a pop, your getting ripped.

The *real* BJ's come in at $28 a pop, and that's still considered a bargain.

[edwardcyh]

Oooooh..... YHOO is back to attractive levels again.

[edwardcyh]

Alright.... on a down Friday, I decided to pull the trigger on 5k shares of CMGI

I actually had the buy order for $1.81 for most of the day, and it never filled. I ended up changing it "market" order and had it filled at $1.8192/share in like 3 seconds.

I guess 5k shares at 0.0092/share still adds up.... $46 to be exact.

I should be looking for exit around $2.20 - $2.40. Of course, if luck is not on my side, exit would be at around $1.63.....

[xray]

P/E is a little high for my taste, have you followed it for a while?

[edwardcyh]

Originally Posted by xray

P/E is a little high for my taste, have you followed it for a while?

CMGI? Yeah.... followed it for 6 years now.

It was one of the high-flyers during the .com bubble, but this is not a .com. This is a venture capitalist group that invested in various .com's. Of course, when these .com's go public, they take over a % of the public company since they are the ones funding the start-up.

They still have ownership in quite a few .com's out there, but the most important thing is that they are making money. You can almost look at them as a multi faceted high tech company since they have a leg in everything out there: chip makers, network equipment, etc... The list is quite extensive.

BUT... (you know there HAS to be one of these) investing world doesn't treat this stock as a high tech stock; therefore, it doesn't get that valuation or the attention.

The good thing is that this stock has gotten some light in recent months, and I've been waiting to buy in on dips. I wasn't about to buy in at $2.40 and hope to get to $3.00, but buying in at $1.82 and hope for $2.40 is not unreasonable.

The other gamble I might be taking in the next couple weeks is BIDU. That's the GOOG of China. Since GOOG just disappointed the market today, I'm expecting both stocks to drop in the next couple sessions. At at point, I'll buy in BIDU and ride it a little.

[xray]

Originally Posted by edwardcyh

The other gamble I might be taking in the next couple weeks is BIDU. That's the GOOG of China. Since GOOG just disappointed the market today, I'm expecting both stocks to drop in the next couple sessions. At at point, I'll buy in BIDU and ride it a little.

You may be right, they're still flushing it after hours. It'll be interesting to see if it bounces right away...

[edwardcyh]

Came across this old article. It's good read.

http://www.fool.com/news/commentary/...ry030318tj.htm

[xray]

I'm hoping that this baby drops all the way to the bottom soon, as I've got bank waiting on the sideline.

That doesn't mean I haven't got my *** kicked the last couple of days.

[edwardcyh]

Well....... I lost some in the past couple days, but fortunately I am mostly liquid.

[xray]

Asian markets dropped like a rock overnight, could be ugly this morning.

[xray]

Ok, so I sold KGC and made 55% , but most everything else is collateral damage.

It sure looks like a recession fellas.

[edwardcyh]

Nice going on KGC!

LOL... my portfolio had been completely liquid until the end of last week. I picked up 2000 shares of LVLT (Level 3 Communication) at a bargain price. I'll most likely be hanging on to it for a long while.

http://finance.yahoo.com/q?s=LVLT

[xray]

I just said WTF and bought GM.