Also, because it's a new stock, market-players have to worry about people who already own it and want to sell it, he said. The lockup expiration for Omniture is Dec. 26, after which the selling might start.
Cramer advised people who already own Omniture to hold it, and he told those who want to buy to wait until the lockup ends, at which point they could catch some weakness in the stock and get it at a lower price. Although the stock seems to have many negative points, there are two things Cramer believes "trump the negatives." First, Omniture was a "sleepy, ignored -- even disliked -- IPO that came out last summer" and it was only later that it started to run, he said. When a company disappoints market-players with its IPO, but then springs up, people are less likely to walk away from it, Cramer said. Second, it is a "best of breed in a rapidly growing growth business," he said, adding that it has better growth than its competitors. The bottom line: Omniture still has room to run, but will likely take a big hit when the share lockup expires on Dec. 26, so buy it after that date, Cramer said.The 'Asian eBay'
Although Cramer has recommended eBay (EBAY Quote) as an Internet value play, most people want an Internet stock for its growth, not value, he said.- Loading Comments...
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