Thursday, July 26, 2007
Sold BakBone Software (BKBO)
UPDATE same day:
I guess the market overall went down today. No big surprise. I don't generally try to predict stock prices, but it seems to me that bull markets tend to rise slowly and fall fast while bear markets tend to fall slowly and rise fast. I see a lot of minor indicators that, to me, indicate a good future economy despite the hype about subprime, trade imbalances, global warming, or the lack of any good music for the first time since the 1950s. In fact, I get a sense that we're still in the middle of the same larger bull market that's been going on since the end of the 1970s, that historians might look back on 1980 to 2020 (or so) as the rise of the global middle class. That's just my guess. I don't put any money on it.
And while I'm predicting, I definitely see the Internet as causing all sorts of major revolutions in how things are done and the most of it hasn't happened yet.
BLMC is oil and gas. Not interested.
MMTRS is an interesting security to look at but I have no idea what the revenue stream will look like going forward. I'll give it some thought.