A Canadian on Wall Street

From my eye in the (Internet) sky, Bjorn: http://www.alleyinsider.com/2007/10/its-finally-off.html (good old Henry Blodget!)

I said as much here, although interestingly I felt it was okay for eBay to purchase Skype, provided they could run them as separate businesses. All that effort put into integrating the companies is probably what hamstrung Skype in the end. I think what this proves is that the average man on the street is more strategically savvy then many of the people on the inside, who are probably unable to gain perspective, bombarded by statistics and demographic studies and MBA-quackery market research by people who may have never even used eBay or Skype; I’m sure there were paydays for those who helped instigate and shepherd the deal through, as well. Mistakes happen at all levels.

Also, shorting RIM, as I predicted, would have been foolhardy. The stock has more than doubled since I wrote that, and of course the iPhone is out and has been doing well, if not spectacularly, hence the startling price drop within the first few months of its release.

Nothing has really piqued my interest in the equity markets these days, besides. This is a strange and unsettling market which is a mix of bad news and all-time highs, one that I — in my limited experience — have not dealt with and so I’ve taken to standing back and waiting. I’ve decided that it’s probably worth it in the long run to wait for deals, rather than just throwing my money after already highly bid equities, hoping to cash in on momentum. It’s a change in my purchasing style that I don’t like, but it’s difficult in current conditions to do anything but. I’m just happy to have made some money on various stocks, like Nintendo, Genco Shipping and NVidia while they were relatively low-priced.