July 27, 2012 11 Comments

Stocks had a good day on Thursday and as of Friday morning are having another strong day.

Daybook however is down 14% to $23. I have said it does not have the advertising power of Google. But it certainly does have a tremendous amount of web traffic. I have not analysed it all all. Yahoo is showing it at 35 times 2013 earnings, which is still expensive. (And of course the 2013 earnings are no more than a wild a$$ed guess). It is certain that it is a better investment at $23 than at $38. It is a purely speculative stock at this point. Anyone wanting the excitement of “playing” it should probably stick to putting only some “play” money into it.

As always the market will continue to react to the latest earnings and the latest musings from Europe.