Why I chose DCLK..CNET..and CMGI this week. Reason my buy was pretty smooth today on DCLK was probably related to the SOES, ARCA and SNET being down. I use Island and never had any trouble. I was however a little spooked and was not able to realize any option buys all day. I'm very bullish on CNET not just because of the plethora af technical buy signals.. but because of their three digit growth going forward. Where MSPG,NSOL,VRSN,YHOO,GCTY and ELNK were my main plays for second half of 1998, it looks like CNET, GNET,BVSN,DCLK and CMGI will be my heavy profit makers this half of 1999. I'm currently getting more bullish on VERT and EBAY but as yet have not become familiar enough with their price patterns.
Whenever I have 'still bullish' on an internet stock which is what I had on GNET, and CNET on the watch list for this past week it means that I'm currently holding a long position in that stock. The position can be for 100 shares or 1,000 shares.
Whenever I have an internet stock on my watch list like NITE, GNET, CNET or DCLK, I totally ignore all other internet stocks to enable me to try for the best play possible and not get sidetracked from a group of internets.. I chose the ones based on technical breakouts, 'strategical' evaluations (i.e. close to earnings report, using DCLK as a 'clone' of CMGI in case CMGI went up and out of play).. If I were watching CNET, I would never just 'pick up' RNWK or any other stock not on my list. I concentrate on the 'strongest players' in the field and tend to look upon stocks like RNWK, PER,SKYM, NDB as very short term (1-3) holds with no desire to keep as intermediate trade. |
