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Wednesday, November 21, 2007

TheStreet.com Surging

Here's something we haven't seen since the last bubble: TheStreet.com with a stock price over $12. A sign of steady growth and progress, rising subscription and ad revenues, and a dogged desire to mine one's Hedgehog Concept? Or proof that American business loves a showman? Jim Cramer seems determined to prove the latter. Take that, Jim Collins and your Level 5 Leadership?

But all kidding aside, some of the recent surge in revenue comes as a result of a savvy acquisition of a financial social networking site called Stockpickr.com. Of course! The stock discussion board mania ported over to 2.0 functionality! It makes a ton of sense.

Devil's advocate position: you could easily take this strength as a contrarian indicator; technically, the chart shows an ominous double top.

Posted by Andrew Goodman




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