RawGreed speculative trade

Posted on November 30, 2005 , filed under Stocks | Print This Post

I just purchased 2000 shares of MBAY, MediaBay Inc. at $1.67. The company operates as a digital media and publishing company, specializing in spoken audio entertainment in the United States. It operates through three segments: Audio Book Club, Radio Spirits, and MediaBay.com. MediaBay is a company similar to ADBL, Audible, Inc. . MediaBay owns www.soundsgood.com. According to Alexa, www.soundsgood.com has surpassed www.audible.com in traffic, www.soundsgood.com has also entered Alexa’s top 10 list of changes in traffic for websites in the past week.

MBAY is a purely speculative purchase. I normally don’t purchase stocks like this, but I believe once news of the traffic increase comes out I see MBAY getting to the $2-$3 range in the next 2-3 weeks. This is one stock that could double quite quickly. I would place a stop loss at $1.40.

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