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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (9257)	7/8/1999 7:20:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 57584

Rande, with your music industry background, what do you think about the recent moves by RRRR. RARE MEDIUM GROUP LAUNCHES THE CHANGEMUSIC.COM NETWORK; COMPLETES ACQUISITION OF FOUR HIGH TRAFFIC MUSIC WEB DESTINATIONS PR NEWSWIRE - July 08, 1999 10:21 New York, Jul 8, 1999 /PRNewswire via COMTEX/ -- Rare Medium Group Inc. (Nasdaq: RRRR), raremedium.com , the award-winning Internet firm, announced today the launch of the ChangeMusic.com Network -- part of RMGI's Internet Venture Initiative. The ChangeMusic.com Network intends to revolutionize the way music is made, promoted, distributed, and consumed. It incorporates the now completed acquisitions of MP3place.com and MP3now.com as well as two new purchases, MP3park.com and Findsongs.com . Terms of the deals were not disclosed. "The aggregate traffic to these four sites makes the ChangeMusic.com Network a top digital music destination on the web. This project is partof RMGI's strategy to incubate paradigm-shifting ideas and build the next wave of blockbuster Internet companies. RMGI intends to make additional acquisitions on behalf of the ChangeMusic.com Network and position it for maximum growth," said Glenn S. Meyers, chairman, president, and CEO of Rare Medium Group Inc. The ChangeMusic.com Network is dedicated to serving bands, record labels and music fans. At the network's core will be ChangeMusic.com, a groundbreaking site in development by Rare Medium, Inc.'s award winning solutions group. The site will support the largest grass roots music community on theweb, taking advantage of it's powerful, custom suite of site-building utilities for bands while using sophisticated tools to match music lovers with new music. ChangeMusic.com Network blends the MP3 model of free digitized musicwith emerging secure transaction systems, enabling bands to maximize theirexposure and generate revenue. "We believe the music business -- A&R, production, promotion and distribution -- will substantially transition to the web over the next few years and the ChangeMusic.com Network intends to be a principal agent ofthat change," said Seth Tapper, president of the ChangeMusic.com Network. About Rare Medium Inc. Rare Medium Inc., a wholly-owned subsidiary of Rare Medium Group Inc. (Nasdaq: RRRR), is an Internet solutions firm, helping clients develop e- commerce Internet strategies, improve business processes, and develop marketing communications, branding strategies, and interactive content using internet-based technologies and solutions. Rare Medium develops Internet- and web-based solutions primarily for large and medium-sized corporations, including Microsoft, The New York Times, Epson, General Mills, DirectWeb, Neiman Marcus, Pfizer, Hotel Reservation Network, and the Federal Reserve Bank, among other leading companies. Rare Medium Group's incubator companies currently include liveuniverse.com , a "Micro-Portal Enabler" withover 40,000 Web sites in its network, and iface.com , a "VOIP" company, "Voice Enabling" the Internet. Rare Medium Group Inc

To: Rande Is who wrote (9257)	7/8/1999 9:37:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Summer Trading Strategy: NOT!!! I would strongly suggest re-reading Rande Is post #9139 again. As radical as cashing out and sitting tight for two or three months seems, try the following exercise: select a dozen stocks that you think will give you maximum return over the next two or three months. Then, go to you favorite financial website and find the one-year chart for each stock. In particular, look at what each stock returned from July 1, 1998 to Sept 1, 1998. When I tried this, not one of the stocks I had selected had turned a profit over last summer. This does NOT include the panic sell-off that ensued one month later in first half of October when the Long-Term Capital debacle coupled with fears of Russia defaulting loans and Brazil's economy collapsing crushed the Nasdaq and ADDITIONAL 25%! My point? When Rande Is talks about "washing and rinsing" over this summer with almost certain losses as we overtrade stocks, his recommendation is not as radical as it first appears. I know I'll be sitting on 60-70% cash in my portfolio over the summer waiting for the interest rate/Y2K/resurging Japanese economy/inflation woes to tank the market big-time in Sept./Oct. I know I won't be smart enough to re-invest at the exact bottom, but the steep sell-off and subsequent rebound will be so pronounced that it will hardly matter. Again, look at the one-year charts of your favorite dozen stocks from Oct. 1, 1998 to Feb. 1, 1999. Food for thought.

To: Rande Is who wrote (9257)	7/8/1999 10:35:00 PM
From: Trumptown	Respond to of 57584

Excellent post Rande...you and several others on this thread provide outstanding advice! Congrats on an excellent thread! SR