As predicted last night, the down tumbled 450 points at the opening, but after the fed cut the fed fun rate by 3/4 of a point. The fed also cut the discount rate, the rate it charges banks to borrow from the central registry by the same 3/4 point. This was the largest rate cut by the fed since October 1984. Stocks recovered at 11am and the Dow was only down around 55 points. At noon, the Dow, … [Read more...]
Archives for January 2008
Bad Day for WallStreet Coming
By all estimates today should be a brutal day on wall street, following 4-7% losses in stock indexes all around the world. The US markets were closed Monday for MLK day, but everywhere else, the market reacted to the Bush plan to return up to $800 to each taxpayer by spring 2008, to fix the US economy, with a overwhelming thumbs down. As we discussed several days ago, the US economy is in, … [Read more...]
Yahoo.com Rumored to Cutting Staff
According to a report published by CNN.com, Yahoo.com is getting ready to annouce the lay off of hundreds of workers in a cost cutting measure as soon as the end of the month. You can view the full story here: http://money.cnn.com/news/newsfeeds/articles/apwire/885a7463d6d44a1dddeadfc542b8444f.htm … [Read more...]
DomainFest: Ready to GO
We travelled all day to the left coast for the DomainFest show. We will be reporting on the activities and the 2 days of auctions. If you want to participate in the auction, you should immediately checkout SnapNames.com site. They are using software you will have to download to participate in the live auction and/or watch it. Now we are going to collapse for a couple of hours. Talk … [Read more...]
SnapNames Auction: Our Take
SnapNames.com has Published there list of live domains for its auction to be held this Tuesday and Wed. These are our top picks out of the list, (in no particular order) as the most interesting and most lightly to sell: Porn.net $400,000 (sex.net sold for $450K at a traffic auction in 2006) Fishing.net $25,000 Cakes.net $59 SoapOperas.com $100,000 (purchased at a traffic … [Read more...]
ireport.com Sells for $750,000
Reported by Mr. Rick Schwartz today on his blog, Rick sold the domains ireport.com and i-report.com to Cable News Network (CNN) for $750,000. CNN has been using the term "ireport" for many months now as a platform for viewers to send in their own video clips of "new" stories. We congratulate Rick and CNN on the transaction. This sale, combined with Oak Hills annouced investment in … [Read more...]
NameJet.com Announces New Pricing Policy
NameJet.com announced a new pricing program for it backorder and auction services Here are the highlights: Minimum Bid prices on backordered names dropped to $29 from $70 on "some names". The announcement was not clear on which domains, would have which minimum prices, but we assume like SnapNames.com, the minimum price will vary depending on which registrar is dropping the … [Read more...]