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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Evan Dimmer who wrote (11156)7/9/1998 4:29:00 AM
From: Shane Venem  Read Replies (1) of 120523
 
CYSP. This is one stock I just don't get. Been to the web site. Dull. Amazon.com it ain't. Lotta expensive do-dads and knick-knacks which you shop for based on grainy GIFs? People actually shop this way? Well, someone must, because their year-over-year sales are up.
Personally, I'd rather pile into the car, head to the local mall, and shop there. Bring it home tonight.

Based on their last earnings report, CYSP is increasing revenues at a good clip. Unfortunately, they managed to double the loss from the previous year. They've been spending a lot of money lately too. Deals with Excite, Geocities, Microsoft. They just hired a company to revamp their online commerce setup. I expect another big loss on the next earnings report.

To me, this stock is a junker. When the internet stocks roll over, this stock plays dead. But not so dead that it can't give a short seller a swift kick in the groin now and then. Still, after a run-up on tulip..I mean internet mania, the short side of CYSP is where I'd rather be.
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