Good Morning, lets get started

Posted on December 1, 2005 , filed under Stocks | Print This Post

I’m waiting to see if volume will pop for MBAY, MediaBay Inc. If traffic for www.soundsgood.com proves to be unsustainable I believe there is a chance for MBAY to drop. If day traders don’t take notice of MBAY, it will be hard to capitalize on the positive PR from the increase in traffic for www.soundsgood.com. MBAY has also announced a few partnerships that should boost the company’s visibility. As one reader noted in a comment, ADBL, Audible Inc., like MediaBay, is not yet profitable. ADBL and MBAY are both trading on the future potential of the estimated $4 billion dollar audio book market. Again, I would like to let readers know that I purchased MBAY on speculation. I would not advise risk adverse investors to jump in on MBAY. The market opened strong today with my portfolio higher. I expect to see TSM, Taiwan Semiconductor Manufacturing Co. Ltd. cross $9.75 today and $10 by the end of December. TSM may settle back a bit after the morning’s action.

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