To: Ga Bard who wrote (13660 ) 7/28/1999 7:17:00 AM From: LANCE B Read Replies (3) | Respond to of 13776
a couple of weeks ago i said that it seemed everyone and their brother were announcing investment opinions...well this one just about confirms it... CC: LANCEBPS TokyoJoe Announces Investment Opinion NEW YORK--(BUSINESS WIRE)--July 28, 1999--Tokyo Joe's Societe Anonyme, www.tokyojoe.com, the independent e-mail stock advisory service, went 90% cash July 19, with a caution for members to be defensive during the summer doldrums, after its buys gained more than 50% on average from the June lows. Since then, Tokyo Joe has released the following selective buy alerts: Cisco Systems, Inc. (NASDAQ: CSCO) at 61 5/16, Citigroup Inc. (NYSE: C) at 47 3/4, Engage Technologies Inc (NASDAQ: ENGA) at 26, IBM (NYSE: IBM) at 123 3/4, Lucent Technologies Inc. (NYSE: LU) at 65 3/4, Microsoft Corporation (NASDAQ: MSFT) at 88 1/2, and Paradyne Networks, Inc. (NASDAQ: PDYN) at 40. Tokyo Joe issued these buy alerts because of his strong faith in the U.S. economy and the earnings power of high-tech companies. "It is time to look for selective buys," he emphasizes. "Technology is on the brink of new heights, and going into the year 2000, technology will lead our daily lives even more. Further, the transfer of technology on a global scale will truly bring about meaningful changes in the next century." Tokyo Joe turned defensive July 19, shorting DoubleClick, Inc. (NASDAQ: DCLK) at 100. He did this jointly with his buy of Engage Technologies Inc. He reasoned that ENGA has the best "fingering" technology available and that the "CMGI buy of Alta Vista will give them the right to cancel the existing 3 year contract [with DCLK], with escape clause built in" and give that account to CMGI's IPO, ENGA. ENGA hit 47 before pulling back recently, while DCLK closed Tuesday at 80 3/4. Additional short alerts issued July 19 were: IBM (NYSE: IBM) for 9 points, QUALCOMM, Inc. (NASDAQ: QCOM) for 8 points, and At Home Corporation (NASDAQ: ATHM) for 3 points. Current and past alerts by Tokyo Joe's Societe Anonyme can be found at its web site (url: www.tokyojoe.com). Tokyo Joe's calls in June were very successful. After a CMGI buy alert at 72 issued on June 15, CMGI quickly reached 93 1/8 by the close of market on Wednesday, June 16 and later peaked at over 120. Likewise, Knight/Trimark Group Inc. (NASDAQ: NITE) was bought at 41 and peaked at over 64. A buy of Oracle (NASDAQ: ORCL) at 27 3/8 peaked at just under 40. Other buys were placed on High Speed Access (Nasdaq: HSAC) at 17 13/16 (peaked at 49 3/16, a 180% gain) and Xircom, Inc. (Nasdaq: XIRC) at 25 (peaked at 36). Additional buys made on Tuesday, June 15 showed the following gains after the second day: At Home Corporation up 16 3/4 points (21.5% gain), Amazon.com, Inc. up 19 11/16 points (21.4% gain), Priceline.com Inc. (PCLN) up 12 3/4 points, Infoseek Corporation up 5 1/4 points (11.9% gain), Lycos, Inc. up 8 7/16 points (11.4% gain), and America Online up 5 points (5.5% gain). Tokyojoe.com includes a Premium Chat room, message boards and instructional seminars. This is not a solicitation to buy or sell securities. Neither Tokyo Joe's Societe Anonyme nor Tokyo Joe aka Joe Park is an investment advisory service or an investment advisor. They do not purport to advise, tell or suggest which securities Members should buy or sell themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. Copyright 1999 Tokyo Joe's Societe Anonyme. All rights reserved. CONTACT: TokyoJoe Steve Rassmusen 1-877-Ask-TokyoJoe 1-877-275-8659 Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: News Profiles and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left.