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Re: Rumor circulating, Blinkx possibly offering $2.50" I was right in my bearishness when i said
LOOK had left their run too late. BUT i was completely wrong about the
extent of LOOK's downside - i just thought they wouldnt go higher." You were right and well ahead of the pack concerning the economy. As for holding LOOK as it fell, I believe you were hypnotized by the rampers from Queensland that do nothing but pump this one stock day and night. Kind of sad to watch really but apparently the ASIC laws surrounding stock touters are loose in Australia and they can push their BS at will. I did sell and re-bought at $1.01. this is the second go on that price. I only hold it because I see a buyout. I sense the price will be in the $2.10 to $2.60 range. That will barely be above cash but it won't matter to West. He will negotiate a nice package for himself and his team. He has failed shareholders time and again and will not reward underwater shareholders like your mates from Oz. The only way the believers ever get whole here is to average down to under $2. I hope you are in US Financials like BAC, WFC, JPM, ACAS and FAS . These are generational investments given time. IMO only of course. |
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