They seem like a good investment, what do you think?
2007-01-03 06:09:54 · 4 answers · asked by RockiesFan 2 in Business & Finance ➔ Investing
Most folks simply don't think of DIVX. As for me, I never heard of it before.
Recent price dropped below $23. At the end of November it was a little above $32. The market hasn't seemed to like it since then. The software maker reported an increase in earnings, over 80 percent above the same period before, but it tanked in the market anyway. Maybe they know something else, but maybe it is about to turn. It is worth a watch if it does turn, but I won't touch it before. I've been burned by good news before a fall before.
2007-01-03 06:31:38 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
DIVX is essentially dead technology. Think Betamax vs. VHS. Yes it has uses but they made their big push in the 90's and DIVX lost. Pretty much its only use now is for file sharing and the Windows formats are overtaking that. The place to make money is in stocks that steadily grow no matter what...... like Walmart. You won't get rich but you won't lose. I think that if you want to really make some bucks one day....... pick Sirius or XM radio. They install it in most every new car and it appears that it will just be a standard part of life in the future.
2007-01-03 14:29:53 · answer #2 · answered by jackson 7 · 0⤊ 0⤋
Too hard to gauge this stock given it is very new. However, looking at the chart of DIVX, the stock has been dropping back down towards it's IPO so it might be a good buying opportunity. I would suggest you do your homework before buying. Make sure you understand what they do and how they earn money because ultimately, that's what drives stock price. If you want to learn more about evaluating stocks, see http://ibooyah.com - search for "evaluate stocks".
2007-01-03 14:26:13 · answer #3 · answered by Anonymous · 1⤊ 0⤋
My one hour forecast is for a price drop.
2007-01-03 14:49:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋