OMAHA, Neb., Apr 5, 2000 (BUSINESS WIRE) --
Ameritrade Index Shows Overall Net Buying of Two-to-One
CISCO SYSTEMS INC, MICROSOFT CORP, and JDS UNIPHASE CORP were the top stocks
bought at Ameritrade Inc. in a strong rally by online investors during trading
yesterday, according to the Ameritrade Online Investor Index, the first daily
measurement of the investment activity of online investors produced by
Ameritrade Holding Corporation (Nasdaq: AMTD).
The midday drops of 575 points on the NASDAQ and 504 in the Dow were used as an
opportunity by investors at Ameritrade to grab up shares of high tech companies
such as CISCO at discounted prices. While CISCO is at the top of both the "buy"
and "sell" lists, "buys" outpaced "sells" almost 5 to 1. Overall, online
investors were net buyers of stock at a two-to-one margin.
"Ameritrade's investors were not scared to the sidelines by the downturn in the
market yesterday," said Jack McDonnell, president of Ameritrade, Inc. "In fact,
our customers took advantage of the fall in prices to build their portfolios."
The top 10 stocks bought in yesterday's trading and the net percentage of buying
they represented of total buying and selling activity in all stocks, value
weighted, were as follows:
1) CISCO SYSTEMS INC 26.61 percent
2) MICROSOFT CORP 10.92 percent
3) JDS UNIPHASE CORP 7.38 percent
4) ORACLE CORP 2.62 percent
5) AMERITRADE HOLDING CORP 2.15 percent
6) AMERICA ONLINE INC 2.05 percent
7) CMGI INC 1.53 percent
8) SUN MICROSYSTEMS INC 1.21 percent
9) NOKIA CORP 0.91 percent
10) YAHOO! INC 0.68 percent
The top 10 stocks sold through close of trading yesterday and net percentage of
selling they represented of total buying and selling were as follows:
1) CISCO SYSTEMS INC 5.41 percent
2) JDS UNIPHASE CORP 3.99 percent
3) ORACLE CORP 1.70 percent
4) AMERICA ONLINE INC 1.51 percent
5) QUALCOMM INC 1.14 percent
6) SUN MICROSYSTEMS INC 1.11 percent
7) PROCTER & GAMBLE CO 0.77 percent
8) CMGI INC 0.72 percent
9) EXODUS COMMUNICATIONS 0.59 percent
10) DELL COMPUTER CORP 0.53 percent
(Note: The net buying activity of all stocks bought, when added to the net
selling activity of all stocks sold, equals 100 percent.)
The Index, which is available to the public at www.AmeritradeIndex.com, shows
whether individual online investors at Ameritrade are net buyers or sellers on a
given day, along with the top 10 equities those individual investors bought and
sold. The Index is market value weighted. Research conducted by Roper Starch
Worldwide indicates that Ameritrade investors are representative of online
investors as a whole.
The Ameritrade Online Investor Index measures individual investor behavior,
rather than the stock price movement of a specific basket of company stocks. The
Index is calculated daily and available several hours after normal market close.
It features a chart of the current day's Index, as well as a listing of the top
10 buys and sells for that day. The data is drawn in aggregate from Ameritrade,
Inc. customer databases and does not include information from day trading
accounts, as explained on our web site. Individual account information is not
relevant to the calculation and complete confidentiality is maintained at all
times.
Ameritrade, Inc. customers and visitors to the site are also able to compare the
Index to other leading market indexes such as the Dow Jones Composite, Nasdaq
100, Nasdaq, S&P 500 and the NYSE indexes. The Ameritrade Index web site
includes video presentations that discuss the Index and characteristics of
online investors at Ameritrade Inc.. |
