Shares in Demand Media which started trading today on the NYSE under the symbol DMD which were priced at $17 a share started trading at $23.50
In the first half our of trading the stock has already hit a high of $25 a share, which represents a 47% gain over the issue price.
The shares are currently trading as of time of publication at $22.24 an increase of about 33% from its offer price.
I do think regardless of your personal opinion of the company or the stock, a big demand for Demand stock can only be good for the domain industry.
We will be adding Demand to our stock index shortly
Grabbed some at $23.46 — fully expect a 5-bagger on this one within 5-7 years.
– TBC
right discountvc and coshoe.co is gonna be a winner too!
@Aunt Twerp,
Nothing ventured, nothing gained.
– TBC
EnronMedia he he
Guys,
You need to wait for a few days, to see where its going…
Hello Mike,
Congratulations to demand media for putting one of many nails into the coffin of traditional Marketing Doctrine. Marketing on the internet is transforming the advertising industry in ways they did not see coming. There will be more powerfull new additions in the near future.
The old Garde needs to either RECREATE themselves to keep up or ReBrand or ReName to remake themselves as when Jobs came back to Apple with his fresh new BRAND and Marketing expertise.
Gratefully, Jeff Schneider (Contact Group) Metal Tiger)
@Yaron,
I have a feeling this stock may be different – feels very “momo” to me. Reminds me of Yahoo in early ’97…time will tell.
– TBC
@MHB,
If we’re breaking terms of service by posting our domains in the “name” section of our comments, let me know and I’ll make sure none of our guys do it again.
– TBC
What do you expect with all the blogs of the insiders fist pumping the stock up. Then they will dump. And like domain extensions. you’ll be stuck holding the pigeon shit. I’ll never forget how I was burned with Marchex. Don’t fall for it. The company is crap and at any moment the founders will cash out and leave an empty lot to the new management.
Zzzzzzzzzzzzz
Hello Mike,
@Owen , The only thing that lasts forever is the Brand you leave after the talking stops!
Creation often times can be a messy affair, and often the best lessons are learned from painful teachers. I appreciate your thoughts as usual.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
@ Owen
What happened to you with Marchex ? Got a link to the article?
Thanks
Pre Internet bubble days? Maybe not … maybe so but only time will tell. Either way, IPO days are making a small come back. GM was the start and hopefully more to come especially with facebook potentially going IPO with Goldman.