Tuesday, October 7, 1997
PHooleD
by Michael Markowski
([email protected])
At the end of last spring term, this history prof thought it was time to invest the few extra bones thrown his way. One choice was a search engine called Infoseek, chosen because people were talking loudly about how another, Yahoo!, was the only search engine making money. I guess this was some sort of "contrarian" move on my part.
Then Infoseek dropped $2 to under $5. So much for putting a Ph.D. "on the market." But, I've done careful, in-depth research all my life, and one inescapable conclusion kept me from selling: "Infoseek" is a name a prof can click on with pride and dignity! Who would click on a button called "Yahoo!"?
Armed with this deep market-thinking and backed by "degrees" of experience in research (which is really a mouth-Fool of Piled High & Deep -- ugh), I watched as Infoseek climbed to 50% over what I paid, which makes it half of a "Daily Double" (does that put me back at even then?) and over 100% above its recent low. So it's time to look for more stocks to buy: Wonder where my random-walk will take me? Since all historians know that the Amazons were a myth, and book-stores are appealing...
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