Howdy Ruscoop, great info sum-up on GNET, Y'all come back now, thanks. Got a few thoughts inspired by "Making A Million In Internets"
'Twas another long weekend so there's been plenty of time for Friday's head of volume steam to have been tamed a bit by those who can trade shares after-market; and for newsblurbers to be up to making mischief. Triple Witching Mysterious days, these, watching huge point gains in the indices with individual %'s in the stocks on the most part hardly moving at all. (And Friday we had a "Quadruple Witching Plus One Warlock" day, with bad weather throwing NYC askew with all lower Manhattan blocked off At The Close for President Clinton's wave goodbye from the Wall Street Heliport at 4:21 after his speech to challenge Wall Street to help the rise and restoration of needy folks and business neighborhoods). Have Observed the opposite on other days at different times of the month, when hardly any points are gained and all the pluses are in leaps and bounds in my portfolio. The volumes on these Other Days were always much lower than the record-breaker (1 billion shares traded, first time in history) number of shares traded this past Friday. (Is there a name for those Other Days?) Days like Friday you might as well picture stock certificates flying around in a whirlwind inside one of those gamecenter machines where you go inside and try to snatch paper bills from the air!! Huge volumes, little point change, watching what your stocks do, while in the middle of this the Mr. Bigs stand in the whirlwind and grab 'em up unnoticed and incognito. Like steam building up in a bottlerocket before the launch, do you think? But when followed by a three day weekend with bad news on the horizon, a State of The Union Message tomorrow, and an AG SPEAKS on Wednesday, well all I can say is there's no snow in the forecast between now and Wednesday so you can count out any mix-ups or excuses for order-placing problems or incorrect calibrations coming from the weather tomorrow. Some results of homework - Where Will These Be Two Years From Now ?? (well-knowns) First Here is GNET; Go2net has already put together a Portal which in my opinion is unmatched in range, simplicity, and proprietary earnings generators even by the Yahoo Portal. Only thing missing is the IAP... Next we got puters (CPQ) (DELL) (GTW) and chips (INTC) going to Internet and proprietary Software and Portal !! And Looky at DIS - Blue Light Special(as I said before), then INTC, (T, UMG, USW, SBC, AIT, BEL, BLS, LU - Mom and The Kids), AOL, YHOO, AMZN,
GE, TWX, MSFT...All well-known Bigs either in present internet domination mode or making recent bigtime moves towards it (except for GTW, betcha that dotcom setup division of theirs will be either spun-off or up for grabs soon, whaddyathink?)(GE's sneaking up on it from behind, like INTC, see recent news if interested). In two years, can you picture any of these losing their grip? I sure can't. Predictable Name-Brands!! Low risk in these, methinks, for longs. These are the ones Analysts will be pointing at as "Puters and Chips and Some Internets With Earnings Are Risky and Volatile Yet Maybe OK Especially If Managed For You In A Mutual Fund"....these (aside from T and The Kids which have been OK for widows & orphans for awhile)
are the ones that can safely be assigned a lower risk client rating and sold as okayed by analysts at respectable brokerages now.
But shares in these are expensive!!
To identify the companies that are now a cheap share price, and will be a GNET or even like AOL, YHOO, MSFT, AMZN two years from now... to get in early on Whatever Will (it's inevitable) Be the next up-and-coming independent browser that's good enough to slink on past the changed settings traps awaiting it and hook ya up to the smaller Internet Access Providers, permitting Internet Telephony Software to finally always work right... getting in on whatever will be the next big Portals and Internet Access Providers With Big Proprietaries...well pals there's your FAST Million Right Alongside your FAST Bustfolio if you put all your money on the nose and guess wrong!! As not being one with the intestinal fortitude to slide all my chips to the center on a single bet, I got a few in the otc's that I have high hopes for, (I'll show 'em to you soon)...but I nip the growth off 'em, play 'em conservative, and they're only 1/10 of my Techfolio when "unripe" (which NOW amounts to almost 1/2 of my whole portfolio's value and my Tech Sector came from selling off 25% of my investments in mutuals and blue chips to start with techs and then the nets)! The sleeping-good-at-night strategy has been...get otc investment out at the first opportunity (doubler), put it somewhere else that has momentum to grow it, get enough to buy or grow a decent amount of one of the Bigs (above), take profit out at next opportunity, grow it in the bigs, leave some shares behind and watch it so when it gives the signs of moving again it's easy to jump back in, (e.g. INFO was quacking nice for awhile at the beginning of CompanySleuth, have no INFO shares now but still watch it)get all shares out if it heads back toward purchase price. Can't relax with these like The Bigs; as it may not pop again, ever. I've found that by doing it this way, and just by buying whatever Big One looks like a decent price on the day I sell the otc, I'm not tempted by looking at the cash in the money market to blow the money on something else - and even if I'm staring at a loss in A Big Net for awhile it won't be for too long! Whenever I couldn't decide, I just bought more T to add to the core. (ATT just announced a 3 for 2 split, not bad). I sure do want to get in on that CMGI, don't have any yet, looks like the GE of Internets! AOL's performance is a thrill, and GNET hid it's light under a bushel for so long, then gave it's dotcom skyrocket adventure recently!
So far that's the homework. Sorry it's so long, can't help it, thinking &
typing faster than a parakeet's foot scratchin' itself.
Joanie |
