Looksmart Stock Dives

[Chris]

Down 20% today on investor concerns that MSN may develop their own search engine thus leaving Looksmart out in the cold (lets be realistic -- MSN is the dominant reason people use them).

My question is, why today? MSN announced they were experimenting with such a thing months and months ago. MSNbot has been seen on websites. And quite frankly any company that relies on a partnership with what is basically a competitor for survival isn't a good stock bet anyways. Yet Looksmart's stock rose and rose through July.

[Chris]

I doubt MS would share such sensitive information.... but no -- that wasn't the cause today.

[Mike]

Sorry deleted that post, when editing it:s

Anyway, I was just asking if MSN could have told shareholders that they would be selling them off/closing them down - for anyone who didn't see it:)

[incka]

Chris - You could have sold that information for thousands to stock companies or stock magazines...

[snoopers]

What? No he couldn't...

[Mike]

I doubt it incka...

[chromate]

Maybe it's a good time to buy as they're so low now?

Anyone had any success with any other shares? I've sold some UBC Media shares recently and made a reasonable profit. Would have held on to them for longer, except I really needed the money.