Tuesday, May 10, 2005

Audible posting Big Gains

Audible came roaring back today, posting a 20% gain on the day at midday, after very positive 1st quarter results. This was good to see, as they had crashed from a high of 30.65 all the way down to 12.32 recently. Now it's back up around the $17/share level. You were a lucky person if you bought some around that $12 level. I think this company will continue to move up in the years ahead - we shall see - still a speculative stock, but has a solid niche in the audiobook business, especially when you consider their connection with Apple and those incredible Ipods, which play Audible books as well.

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