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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Harold who wrote (4269)2/5/1999 12:55:00 AM
From: Bruce A. Brotnov  Read Replies (1) of 6445
 
Harold, I must confess that I know very little about the "stocks like this" as they depend on story and I'm a fundamental growth and chart guy. The chart looks fine and the story sounds good, but it is a function of psychology that is more dependent on how the internet stocks are doing on a day to day basis. It certainly has hooked up with a popular stock but the proof is in the results. Not much help but watching the staying power, esp in negative market may tell you more about the stock than a sophisticated analysis.
If I owned I would probably hold a while just to see. <G>
I understand a few stocks without earnings that I have followed for quite a while (RMII, PSIX, USWB, & AMEN) but these are the only ones that are related to internet and have little or no earnings.
Sorry I'm not much help on NAVR - you probably know a lot more about it and what it will probably do than me.
As the market gets weaker the greater the likelihood of internets giving in to some pretty heavy profit taking.

Bruce
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