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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Don Westermeyer who wrote (17747)3/18/1999 10:44:00 PM
From: umbro  Read Replies (1) of 18691
 
I haven't heard of Axxel Knutson, but here's some info. off the net:

marketdigestonline.com


Volume Trade Analysis Research Authored by Axxel Knutson. Knutson is a managing Director of Institutional Equity Research/VTAR (c) at the New York securities firm of Janssen/Meyers Associates L.P.. At the age of 14, he turned $2,000 into his college education fund when he started to trade stocks. After college, he joined E.F. Hutton and then went on to Dean Witter. While at Dean Witter he worked on a computer program called "COMPARE" [COMPuter Assistance to REsearch] and fine-tuned that program to come in third in a stock contest sponsored by Chase Manhattan Bank. Next a headhunter grabbed him and he became head of Mosey, Hallgarten & Estabrook's well respected "Investment Strategies Department." He started his own broker dealer in the late 70's. Currently, Knutson has perfected an investment tool called VTAR which stands for "Volume Trade Analysis Research" (c) and uses volume analysis to fine-tune equity investments in highly liquid stocks.


A June-98 article commenting on the strengths and weaknesses of analysts who work for small frims:

zdnet.com


But smaller firms don't have the clout or connections to handle $100 million-sized equity and debt deals. Without those deals, smaller firms don't enjoy as much access to company information and management. Being an outsider can leave information gaps.

"I have enough biases without talking to management," says Axxel Knutson, analyst at New York-based Janssen Myers. "You can get enough from talking to suppliers and distributors."

Knutson and other small firm analysts said being an outsider means they have to kick the tires on a company. Knutson began coverage of K-Tel International Inc. with a "sell" rating soon after the stock soared on the company's Web commerce plans. Less than 1% of Wall Street analysts have sell ratings, according to First Call.


A follow-up on K-TEL (titled "K-tel International: It's Baaaack!"), dated Nov-98

fnews.yahoo.com


Analysts who follow the company were less than charitable when the news broke. "K-Tel's management is a horror story," said analyst Axxel Knutson of Axxel Investment Services, who has changed his "hold" rating on K-Tel to a "sell.""This company is in trouble.”


On Red Brick's run-up after inking a deal with Amazon.com.

zdnet.com


Amazon.com chose to use Red Brick Warehouse, a high-end data warehousing software package. Terms of the deal were not disclosed. Red Brick didn't return calls by press time.

Following the announcement, Jansson Meyer Associates' Axxel Knutson raised the company's rating to "strong buy" from "buy".
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