ICII is thrashed by a day trading paper, this may have something to do with the recent price weakness --- see the italicized text below
DayTrading International Members Have Taken Home Some Hugh Profits in Amazon.com, Ascend Communications, Excite Inc., Lehman Brothers, and
Tel-Save Holdings
KANSAS CITY, Mo.--(BUSINESS WIRE)--Sept. 14, 1998--Over the last two weeks, DayTrading International (http://www.daytradingintl.com) members have taken home some hugh profits in Amazon.com, Ascend Communications, Excite Inc., Lehman Brothers, and Tel-Save Holdings.
DayTrading International continues to make astounding plays throughout the rise and fall of the market. With over 85% accuracy in the trading room, DayTrading International has established themselves as a powerhouse in the daytrading of equities.
Here are some examples of the high-powered plays that are called. DayTrading International issued a sell short recommendation for Amazon.com (Nasdaq:AMZN - news) on Tuesday Sept. 9th in their Daily Picks mornings newsletter at $91.50 or above if seen. This newsletter is received by members every market daily prior to open. Amazon.com fell to $73.50 on Friday, giving members 18 points profit or a 20% gain in two days.
Amazon.com wasn't the only Internet stock DayTrading International was bearish on. They also issued short recommendations for Excite, Inc. (Nasdaq:XCIT - news) on Wednesday, 9/2 at a price of 27.75 or above, and Spyglass, Inc. (Nasdaq:SPYG - news) at $14.25 on Friday, 8/28. Over the next 2 days Spyglass, Inc. fell to $10.75, for over 3 points profit and a 25% gain. Excite, Inc. also tumbled over 3 points to as low as $24, giving it's members over a 14% gain in less than 24 hours.
DayTrading International (http://www.daytradingintl.com) isn't bearish on all stocks however. On Monday, 8/31 they issued a buy recommendations on Ascend Communications (Nasdaq:ASND - news) at $40.25, Novell, Inc. (Nasdaq:NOVL - news)at $9.75, Cendant Corp. (NYSE:CD - news) was called at $10.50 on Friday, 9/4, Lehman Brothers (NYSE:LEH - news) on Friday, 9/11 at $33.75 and Tel-Save Holdings (Nasdaq:TALK - news) also on 9/11 at $13.25. Over the next few days,
Ascend Communications climbed over 5 points, Novell, Inc. over 2 points as did Cendant Corp. Lehman Brothers climbed over 3 points and Tel-Save Holdings at 1, for 12%, 21%, 24%, 9% and 8% gains espectively.
DayTrading International (http://www.daytradingintl.com) also has a Small Caps Newsletter. This newsletter concentrates strictly on stocks selling for $12 and under.
Two recent recommendations made by this highly popular newsletter were to sell short CHS Electronics (NYSE:HS - news) at $13 or above if seen on Tuesday 9/8 and to short Imperial Credit, Inc. (Nasdaq:ICII - news) at $12 on Friday 9/4. Over the next few days, CHS Electronics tumbled to under $10 and Imperial Credit, Inc. fell to below $7.50 giving members the opportunity to reap profits of 23% and 38% respectively.
''Small Caps not only require less capital, but they also allow members to score big gains in very short time frames,'' said Senior Trader Mike Chrisman. ''Our top priority is to help members make big profits in the markets, while at the same time keeping risk to a minimum.''
As profitable as the above recommendations were, they were not the biggest winners that members of DayTrading International have seen over the last few weeks. The two biggest gainers of late have been Resource America (Nasdaq:REXI - news) and Labor Ready, Inc.(Nasdaq:LBOR - news). DayTrading International issued short recommendations on both these issues, Resource America was shorted at $23.50 on Monday, 8/24 and Labor Ready, Inc. at $25 on Wednesday,
8/19. Over the next few weeks, Resource America has fallen to as low as $7.75 and Labor Ready, Inc. to as low as $11.50. Members gained 67% on Resource America and 54% with Labor Ready, Inc.
DayTrading International (http://www.daytradingintl.com) is a web based financial service focusing strictly on the short term trading of stocks. Their recommendations are based upon fundamentals, news and technical analysis. DayTrading International and their staff, with over 17 years of experience, provide their membership with two morning reports as well as intraday alerts that produce substantial results in very short periods of time while keeping risk to a minimum.
For further information about DayTrading International or to take part in the two week free trial of the morning newsletters and/or the live trading room, visit them on the web at daytradingintl.com.
Contact:
DayTrading International
Mike Chrisman (Editor), 660/627-0867
mchrisman@daytradingintl.com
daytradingintl.com
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