2007-11-11 14:44:52 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
That's like asking if you should buy a Buick. Knowing nothing about you, it's impossible to say if you should buy any stock.
For my portfolio, I'd say the growth of Internet advertising is a megatrend I definitely want to invest in, and as far as I know ValueClick is as good a way as any. I wouldn't buy it now, however, because it started a downtrend this summer, with one lower low and two lower highs since May. I might buy a few shares now and a few If it goes back to 20, but I don't make a full commitment to a stock unless it's established an uptrend. But that's just my psychology and my style.
2007-11-11 15:16:37 · answer #1 · answered by Houyhnhnm 6 · 0⤊ 0⤋
I bought VCLK (ValueClick) at around $26, it has come down from then but I'll probably scoop up some more. I feel that it will be bought out by one of the major internet companies by the end of they year. Cramer has said it wouldnt be unreasonable to see a 133% jump in price after the buyout..Even if id dosent happen by years end, it will defiantley happen the company is a major asset.
2007-11-11 15:43:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would stay away from any tech stocks at the moment. The nasdaq has broken some major support this past week, I see more selling in the short term. Its support looks to be around $18 dollars, if it goes below this, I would stay away from it, until it gets back to its trading levels of $20.
2007-11-11 16:19:05 · answer #3 · answered by D 4 · 0⤊ 0⤋