Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (2668)	6/17/1999 4:15:00 PM
From: lib	Respond to of 3896

Some good news in general (from CBS Marketwatch): Meeker on Nets -- worst is over Mary Meeker, Internet guru at Morgan Stanley, in an internal morning meeting, said while it's difficult to pick a bottom, she feels the worst is over for Internet stocks, traders said. The Internet names she continues to like are AOL, Yahoo, Amazon.com and EBay. Meeker did not return a phone call from CBS.MarketWatch.com. Good news Internet traffic recovered from its "seasonal spring drop," with the number of people online in May up 7 percent, according to the NielsenNetratings. The report estimates that there are nearly 101 million people online in the U.S. The top three commerce sites were Amazon, with visitors spending an average of nearly 16 minutes at the site, EBay and CDNow (CDNW: news, msgs). But while traffic to shopping sites rose by 14 percent, travel sites saw traffic jump by 16 percent. Another potential boon for Net stocks is Compaq's second-quarter warning.See full story. "What's a bane to Compaq is a boon for the Net," said Paul Cook, a portfolio manager at MunderNetNet Fund. "Compaq's issues deal with its average selling price and channel problems," Cook said. If personal computer prices go down -- that gets more people online. And Compaq's channel problems "validates" the direct or build-to-order model which can be applied to many products via the Net. Also, U.S. Federal Reserve Chief Alan Greenspan, the man who compared the Internet to the lottery back in January and on Thursday backed that statement by saying it was "technically true," hinted that the Federal Reserve will soon raise interest rates modestly as an insurance policy to keep inflation under control. But by being pre-emptive, this removes the need to be more aggressive later. Economists said the Fed will likely move twice, not three times. See Bond report. Seasonal issues Greenspan aside, some fund managers believe much of the interest rate scare is priced in and at the very least some uncertainty has lifted. And with Net stocks seemingly poised to run away on the upside, some fund managers are seriously contemplating adding more positions, if they haven't already. Cern Basher, a portfolio manager at Provident Investment Advisors, said he's been buying America Online below 110 and continues to watch it closely. But what about interest rates? Not a bother, he said. At least, the "situation is less important than people think. I'm focusing on the focusing on the fundamentals -- the long-term value isn't really impacted by what the Fed does in the short-term." For Cern, the integral issue is how companies are positioning themselves for the third and fourth quarter because that's when "they really make their hay." He's looking for the players that continually "improve their sites, strike partnerships and show improvement in metrics, which reflects leadership."

To: SwampDogg who wrote (2668)	6/17/1999 4:18:00 PM
From: The Devil Dog	Read Replies (2) \| Respond to of 3896

They will probably give it one nice little push down just to grab a few extra shares. I apologize to all, I day trade MCF, but I am also accumulating for a long term position. So sometimes I cross the boundries of different trading strategies, unfortunately sometime this may not be appropriate for the thread. I will try to only post long term strategies here. I do not wish to piss anyone off , so please accept my apology in advance. Best Regards to all WB