BullMarket still likes MP3:
By: swellsandt
Reply To: None Thursday, 3 Feb 2000 at 6:57 PM EST
Post # of 199964
I just got this from "The Bull Market Internet Investor.
I think EDIG is the way to go but thought I would put this out
MP3: INSIDE THE HORNET'S NEST
By Scott Greenberg
MP3 (MPPP, $29) released its monthly metrics, showing superior growth in
most categories.
The digitization of music continues to cause reverberations around the
world. Retailers, including Virgin Megastore, have threatened to close
their doors if record labels abandon the basic retailer and begin to sell
digital music over the web. In addition, several retailers have banded
together to sue Sony Music because the company includes URLs to its
websites on the CDs it sells. The retailers claim this practice is
anti-trust because it cuts them out of sales related to the Sony-specific
websites.
This potential threat to retailers of digital music is quite real.
Retailers will continue to be the mainstay of music distribution for
several more years, but the inroads MP3 is making will become more
forceful over time. In fact, the proposed merger of Time Warner (TWX) and
EMI Group (EMIPY) has caused great consternation in the music world
because of Time Warner's merger with America Online.
The reality of digital music over the web is becoming less murky as the
conversion of voice and data becomes more mainstream. We continue to
believe MP3 will emerge from the pack as a winner in this arena and
reiterate our recommendation of the purchase of its shares.
++++++++++++++
Side note:
I used to subscribe to BullMarket..and just for fun....I put together a hypothetical portfolio for theit picks as pf Dec 3 1998
Clearstation does not weight the picks but applies a $10K buy against all...
here is how I would have done...if I had put $200K into their picks as of that date and held them til today : a big bad gain of 42%!! Their big winners were CSCO AOL and Q
Needless to say... my gain thus far..just in my Roth has been : 11,711% (tax free thank you very much!_
so take what they say...with a tiny grain of salt...lol
Long positions in 'Bull Market Dec 3' sorted by Net %Change in descending order
Symbol Last Change %Change Volume Position Bought Value Net %Change %Total Actions
CSCO 117.81 3.94 3.46% 24,337,400 260.00 12/03/98 30,631.25 20,446.75 200.76% 10.71 Delete
AOL 59.88 -1.00 -1.64% 28,813,000 460.00 12/03/98 27,542.50 17,403.31 171.64% 9.63 Delete
Q 43.00 0.31 0.73% 7,740,500 490.00 12/03/98 21,070.00 11,058.94 110.47% 7.36 Delete
INTC 104.19 4.12 4.12% 28,062,400 180.00 12/03/98 18,753.75 8,521.12 83.27% 6.56 Delete
C 56.31 -1.44 -2.49% 14,251,900 300.00 12/03/98 16,893.74 6,819.74 67.70% 5.91 Delete
MSFT 103.62 2.81 2.79% 24,593,000 160.00 12/03/98 16,580.00 6,428.00 63.32% 5.80 Delete
GE 139.25 5.19 3.87% 6,744,000 110.00 12/03/98 15,317.50 5,302.38 52.94% 5.35 Delete
IBM 117.12 3.62 3.19% 6,213,800 120.00 12/03/98 14,055.00 3,996.75 39.74% 4.91 Delete
LU 56.44 0.94 1.69% 18,148,300 230.00 12/03/98 12,980.62 2,992.38 29.96% 4.54 Delete
MER 90.75 1.00 1.11% 5,098,100 135.00 12/03/98 12,251.25 2,350.50 23.74% 4.28 Delete
FDX 39.50 0.94 2.43% 1,491,500 300.00 12/03/98 11,850.00 1,825.50 18.21% 4.14 Delete
DELL 38.50 0.38 0.98% 28,682,400 300.00 12/03/98 11,550.00 1,609.88 16.20% 4.04 Delete
XOM 82.38 -1.44 -1.72% 5,805,400 140.00 12/03/98 11,532.50 1,545.50 15.48% 4.03 Delete
COF 39.12 -0.69 -1.73% 865,700 285.00 12/03/98 11,150.64 1,009.26 9.95% 3.90 Delete
WCOM 44.12 -0.88 -1.94% 26,166,100 240.00 12/03/98 10,590.00 718.00 7.27% 3.70 Delete
BMY 65.38 0.56 0.87% 2,945,100 160.00 12/03/98 10,460.00 178.00 1.73% 3.66 Delete
PFE 35.62 -0.38 -1.04% 8,803,300 270.00 12/03/98 9,618.76 -568.87 -5.58% 3.36 Delete
FRE 50.12 1.38 2.82% 2,024,600 165.00 12/03/98 8,270.62 -1,785.75 -17.76% 2.89 Delete
CPQ 28.00 0.50 1.82% 22,843,700 275.00 12/03/98 7,700.00 -2,366.69 -23.51% 2.69 Delete
CEI 17.56 -0.12 -0.71% 212,100 415.00 12/03/98 7,288.44 -2,709.50 -27.10% 2.55 Delete
Total 286,086.59 84,775.19 42.11%
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