UBID COMMENT FYI...
FOR December 23rd, 1998
Axxel Knutson's
VTAR © [Volume Trade Analysis Research ©]
Axxel © Institutional Equity Services VTAR * ©
["Volume Trade Analysis Research"] *©
December 23, 1998
Copyright 1998 and given to this Internet site under revocable license. All rights reserved, Axxel Knutson. E-mail: stockopn@webspan.net or vtarmail@aol.com Note: the charts, if included, courtesy of www.iqc.com. We suggest you visit them.
From Axxel Knutson, CEO & Chief Investment Officer
VTAR © [Volume Trade Analysis Research] ©
Axxel © Institutional Equity Services
197 Mountainview Road, Warren, NJ 07059 USA TEL: 908.647.5750
Copyright 1998 and given to this Internet site under revocable license. All rights reserved, Axxel Knutson. E-mail: stockopn@webspan.net or vtarmail@aol.com
Now the VTAR © stocks:
FOR December 23rd 1998
Amazon.com [AMZN-322 3/8 + 3 5/8] We now have a running profit of 195 points on our investment of $126 3/4, for a running profit of over 250% for a month and we have never wavered in our strong buy recommendation. However, we are going to take some money off the table here. Sell AMZN $330 for a clear profit of over 200 points. Let's take it to the bank. We are reducing our rating on AMZN on Bloomberg from "strong Buy" to "Buy" as we think there is still more in this stock, but from a trading viewpoint, it is time to cash in a little and relax. We can always come back to AMZN…it's not like it's going off the radar screen
EBay [EBAY-300] we have over a 50% profit in a week. EBAY is not finished, but for our trading purposes it is again time to relax and take in the money and look later how to re-deploy it. It comes down to risk/reward and as I keep saying…"If you mind the risk, the profits will take care of themselves."
America On-Line [AOL-135] + 18. Going to the S & P and let's sell on that news. What great stock for us. Again, the same rationale as above.
UBID [UBID-134 1/2] up50 3/8 or 60% for the day. Just sell it. Do I need to give you a reason? I don't think so. We now have over 100 points PROFIT on our initial investment of $34 1/16 ! Even those who sold on the opening yesterday at $99 1/2 did OK…if you call a near triple in 4 days "OK."
Sotheby's Holdings [BID-29 3/4] + $1 3---continue to accumulate.
Schwab/Chuck [SCH-55 7/16] + 3 3/4. Stay long….just stay.
Double-Click [DCLK-48 1/16] Stay.
Adolph Coors [ACCOB-53 1/4] we are glad we took the profit.
Micron Electronics [MUEI-18 1/16] the street gave us a buying opportunity. Accumulate still.
IBM [182 7/8] + 6 1/2 Top not yet in sight. Stay.
Pharmacia & Upjohn [PNU-55] + 1
Perkin-Elmer [PKN-96] - 1, glad we sold this.
DISCLAIMER
It should not be assumed that future selections will be profitable or will equal the performance of
the mentioned securities. Securities and charts listed herein illustrate stock selections made using
proprietary indicators know as VTAR © [Volume Trade Analysis Research ©]. Investment decisions should not be based solely on our proprietary indicators, but should be an adjunct to additional analysis. Information and statistical data contained herein have been obtained from sources believed to be reliable but in no way are warranted by us as to accuracy or completeness. In fact, it can be wrong.
This is not a solicitation of any order to buy or sell; and our views may change with regards to the mentioned securities. This is not a solicitation of a business relationship and we may or may not update our comments to you. Our affiliates and we may have a position in and may from time to time purchase or sell any of the mentioned or related securities although this is not typically the case. Investing involves risks. You may lose money. You may lose all your money. You may lose money you cannot afford to lose. We do not participate in your profits and we do not share in your losses. We stand ready to provide additional information and contact may be made by email or telephone.
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Control the risk…the profits will take care of themselves.
Axxel Knutson, CIO
Axxel Institutional Equity Services
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