Thursday, March 15, 2007

up it screams.




okay, okay, i'll admit it. i got in a few months ago just for kicks. i looked up "cmgi" in a curious "where are they now?" whim. after i discovered this former "sailing on hot air" of a company had actually become profitable, i figured, what the hell. i didn't put very much money in (because i'm risk averse), but it's still fun to see it scream upwards. but since i didn't put very much in, even if it tanks, i won't cry.

update: each day, some blogger or financial analyst ups the target price. wasn't it just a few days ago when the target was $2.50? now people are saying $4.00? come on... no one really knows at this point. but i suppose all the rumbling helps. after all, this is a cult stock, and sometimes, psychological factors and excitement will drive the price up. after all, it already did happen with this stock.

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