Wednesday, November 29, 2006
Cramer Defends Himself, via E-mail
Overall, Cramer good or Cramer bad?
I'm curious to see what the readers of this blog have to say.
In short, when he pumps money losing pieces of shit they are ususally good short term trades. And the reason is because he knows one or more big players are accumulating. Just my opinion.
he is extremely entertaining to a point. (Approx. 10 to 15 min).
Has made me money and lost me money. He offers his disclaimers like any good pro and hell anybody that buys off a stock tip without doing their own homework is the real idiot here. So why is this guy such a lighting rod ???
Gofish is a recent little known IPO so expect the price to move up very fast once retail and hedge funds jump in. This is similar to what Youtube was only a little over a year ago and Youtube was acquired by Google for 1.6 billion recently. Then compare that valuation to Gofish and you have a stock that should be much higher.
“GoFish, an early entrant into the user-generated video sector and first publicly traded company in the space, provides people with an online platform for uploading, sharing, searching for and watching videos from around the world.”
The stock is cheap at $2.75 while the site attracts 2.5 million unique viewers per month. The growth is picking up fast and the private placement of 12 million should be enough to rapidly expand the company. By then it will be to late to get in at current price levels.
“GoFish is a leading Internet video network and community, with millions of unique users every month. With a combination of user-generated content and branded programming, GoFish is attracting an expanding audience of video viewers and content producers resulting in the accelerated growth of a global community built around the GoFish brand. According to research by eMarketer, the market for online video advertising is expected to grow from $385 million in 2006 to $2.35 billion by 2010. According to COM Score, in August 2006 110 million people, 63.6% of all U.S. Internet users, streamed video online.”
Recently they hired some talent straight from Yahoo. Here is an excerpt:
“SAN FRANCISCO - November 14, 2006 - GoFish Corporation (GOFH), today announced the launch of a branded entertainment division and the appointment of three new hires to run it. C.J. Bowden, David Fisch and Lori Macias joined GoFish as vice presidents of Branded Entertainment. This news follows the company's recent announcement that Peter Guber, chairman and CEO of Mandalay Entertainment, joined its board of directors.
Bowden, Fisch and Macias have established a solid track-record of working together. Most recently they were co-founders in a Los Angeles based start-up that collaborated with creative talent in the development of original programming initiatives. While at Yahoo!, for a combined 15 years, Bowden, Fisch and Macias helped develop, manage and sell Yahoo!'s Front Page, community properties and branded entertainment business, which included Apprentice, Contender and Entertainment Tonight.”
This could be the best trade going into 2007.
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