good advice...i sold LOOK at 68 and bought back this afternoon at 51...the naz sell-off is sector rotation and the interest will be back....for some reason LOOK has been hurt more than most in the tech sector (IMHO unfairly) i am looking for a nice close (around 53-54 today) and an eventual rebound to 65 levels within 2 weeks :)
If you look at the chart, LOOK pretty much shot up from 40 to 70 non-stop. It has a classic "rising bottom" but always falls back a bit. Actually I would say right now 55-60 is a realistic price range, but will reover to 70 by May or so - especially if the Sydney Olympics give them a boost.
LOOK already getting near 52...will be okay by days end...i find that if you buy when things look bad and sell when things look too good you do OK in this stock game...i thought 68 was good so i sold and i thought 51 was bad so i bought....buy when others are selling and sell when others are buying and you get bargains like LOOK at 51! :)