here is an analysts report - note the part about "this isn't a temporary situation." I don't think I am overstating the case that there will be no more IPOs for etailers this year. As for LOOK - I've stated before, I don't care if it goes to $5 - I'm in for the long haul. Everyday their deal with BT expands their reach - yesterday India.
there are plenty of other interesting sectors. My financial advisor says that The Street is still very interested in pre-IPO companies, particularly in the "eBay" tradition - services, etc - with potential for profit. He says they are increasingly intolerant of companies that don't show a profit. I am in for the long haul with LOOK as well - got in at IPO, so still doing fine. I do think they have made a few mistakes in recent months. I don't like all the insider selling, starting with the Thornleys. I don't like the fact the CFO left and they promoted from within. I don't like the rumors I hear from friends in SF that employees are leaving because of poor pay. The Net is here to stay, and so is LOOK. I just think they need to watch their step. As my dad used to say, "climbing up the ladder of success, you are always looking at the seat of someone else's pants." There are going to be many more great companies in the future, and the way LOOK runs their business now will affect their success ratio in the coming years. As a long-term investor in the company, I hope they think long and hard about where they want to go.