Sandra of the wild, wild west. oops I mean east.
Going shopping in the second and third tier internets.
The other day Brian brought up ONHN as an un discovered internet play.
I decided to keep a bleary eye on it, just in case. Guess what...
ONHN
onhealth.com
Ranked number 3 of 30 online publications. Healthcare and wellness site with a good deal of information for us (me) "aging baby boomers"
Rev's for the startup co. is derived from advertising (which one isn't). Having such names as Citibank, Smith-KLine, Mayo and others as the co's paying advertisers.
If you look at the FA, it will scare the BAMM out of you, but, they have an entire new management team on board that specializes in web content and advertising revenues. They are getting out of the CD-Rom business and focusing entirely on the health and wellness content of the site. Recently they secured private money through the restructure of past debt to continue to operate and build focus.
TA wise..13d EMA crossing over 50d EMA volume has been increasing on higher highs and higher lows. The stock crossed over its 50dMA and is just at the bottom of the 200dMA. Stoch's are overbought short term, so I would expect, maybe, a small dip back toward 5 before moving back up, but then I thought that with BAMM too at 8 so sold it at 12. (he said sheepishly) No I did not retire off of BAMM, but it shortend my time to retire, considerably. Clearstation went green two trading days ago. MACD just signaled too.
I noticed on the site that a banner ad links to a over the net retail vitamin store. Given what one pays for vitamins, Gensing, St. Johns, Kava...a few more ads with links to products and IMO ONHN will do "our thing".
Ken |
