(full house grub) ??
I'm moderately long on VRSN and that was one of my
tuesday buys. I was afraid to say it over here in
MythLand -g-
I was going to post the reuters piece on the closing of the
deal on WWoS.
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The Seasonality Factor
By Gary B. Smith
Special to TheStreet.com
5/14/00 4:20 AM ET
I noted with interest that Rick Thoman got the boot at Xerox (XRX:NYSE - news - boards). This raises the question of what exactly is the batting record of ex-IBM (IBM:NYSE - news - boards) execs who left for greener pastures. (Although in defense of Thoman, who left IBM for Xerox in 1997, it should be noted he didn't start out as an IBMer.)
Let's see, George H. Conrades, now chairman and CEO at Akamai Technologies (AKAM:Nasdaq - news - boards) gets a C (love the technology, but hype was bigger than profits). C. Michael Armstrong, now chairman and CEO at AT&T (T:NYSE - news - boards), gets a D (a 50% stock price haircut will do that to a man!). Ellen Hancock, now president and CEO of Exodus (EXDS:Nasdaq - news - boards), gets a B- (another one who visited the bear market barber). Nancy Faigen, now president of sales and service delivery at Digex (DIGX:Nasdaq - news - boards) (not to mention that she's my wife) gets a ... (Yeah, right. You think I'm stupid?)
Did I miss anyone? Maybe, but don't shoot me emails that list Ross Perot. He was never an IBM exec!
OK, next week we tackle ex-TheStreet.com (TSCM:Nasdaq - news - boards) execs! (Ha! Just kidding ... )
No, next week, we tackle more questions and charts, so submit your favorite ex-IBMer and let me know his or her progress. Our address is technicalforum@thestreet.com and John Opel will be standing by ready to assist.
Before we start, though, loyal reader Pam B. had some further thoughts on Jim Cramer's favorite topic, "seasonality."
Regarding seasonality, she says, "generally speaking, I'd agree. The old Wall Street saw is 'Buy Halloween, Sell April Fools.' However, the only time this pattern breaks is during election years. If you don't have Yale Hirsch's Stock Trader's Almanac, I urge you to get a copy. ... It is filled with invaluable information and it is on my buy list every year. I am a trader and rely most heavily on TA, but I look for any edge I can get."
Thanks, Pam! Also, if you haven't, I urge you to check out Sy Harding's Riding the Bear: How to Prosper in the Coming Bear Market for an excellent piece of work on seasonality. You can never know to much.
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