Looksmart Limited (LKST)

[andy20020]

smugs ... I see this TA business as an exercise in mental arithmatic and I'm still learning. When I can realy say I know it ... I wont be posting. But in the mean time I enjoy the challenge of putting down views (not for the ego at all) for the challenge of drawing a line in the sand and having to substantiate it. Makes me work harder.

Re .. imminent collapse ... my largest positions right now are resource stocks, NVGN, and LOOK. I believe I'm quick enough on the trigger not to get too burnt ... but I do agree with you that LOOK would seem to have a great future ... and profitable companies are like hens teath in the US tech space ... (and I also hugely admire their policy on Exec Options ... and the modest salaries) ... so I'm willing to live with a position for another week and a bit, as I can't see the market collapse in the immediate future.

BTW ... I'll stick my neck out for a 25 point reduction Tuesday ... any more will freak out the market IMO. If so, the market sells off immediately then bounces back into months end.
Regards