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.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (31357)	9/23/1999 1:28:00 AM
From: puborectalis	Read Replies (2) \| Respond to of 41369

From Cheetahtargets........".Wednesday: Well I have waited to be able to say this for a long time. Its over! Yup...Carnage.com has finished its destiny! We are very lucky for many reasons. The first is we bought near the low's in early August - albeit very small, but we did add to long term positions for the nets at that time. We have not added since. Now what have we missed in this latest rally? Well we missed really just a few big names yhoo, ebay, rnwk, dclk. However the rest of the nets are practically still at their very low's. If you check the charts most internets are still at or near their bottoms reached in August. We finally saw some signs today that some of them are starting to wake up and that along with some of the top tier names performing well have tipped me off that the worst is over. The volume accompanied by these stocks looks like its more than short covering - as well as the charts finally look "potentially" poised for higher prices. Check this link out that contains most of the major internet players. Internet Stocks. I have looked through the list. Here are the following candidates to consider adding right now for your long term net holdings. They are all considered major net players - which is what I expect will always be the blue chip darlings of the nets. The following can be added right now for long term. AOL, ATHM, EGRP, ELNK, MSPG, AMZN, ATHM, CMGI, those to wait on would be EBAY, YHOO , RNWK, DCLK as they are too extended and would be worth waiting for the next major pullback to consider adding or buying them. Other nets that are near the low that are secondary plays, NTBK, AMTD, SEEK, NITE. I am sure I might be missing many but those are what I follow and believe they should be considered. Now even though I believe that Carnage.com has ended. I still believe that October might be very dangerous and expect many of the leaders - EBAY, YHOO, RNWK, DCLK to fall back hard on profit taking and present good buying opportunities for long term. The way I would play it is the one's mentioned in bold consider getting aggressive on right now for long term portfolio additions. Infact EGRP, one of my favorite's for long term had some nice action heading into the close and is still right near it's bottom. Also I want to stress stay with quality - many of the secondary issues and many of the new internet ipo's over the past year might not be around in 5 years as the market will be very demanding, and those that survive will have to have something truly unique and be a first to market type of internet company. There will always be new innovative internet companies that will spring up and many will be successful, don't get me wrong on that. However to make it simple just figure for every 10 new internet ipo's that come out only 1 will be successful long term. And very few will still be lucky to achieve the status of a yhoo, or aol. So always be open minded but realize we had a wake up call and the market simply won't give a company a 1 Billion market cap just because they have .COM added to their name. Those days are over! But what I am so excited about is most of the nets are right at the bottom of the chart and YHOO and a few other key names have tipped me off to believing the worst is now over for the nets. EGRP chart is just an example of practically all the internet's - they are at their low baby! and now is the time to snack for long term accounts. AOL we were looking for a shake under 80 , we got to 80 1/2 area and then I mentioned intraday last few days look for an oversold bounce to 90 to 92 area. Well we are there but now that my outlook has changed on the nets - its time to start snacking on AOL and use weakness to add for long term. Look for a major shake in October to provide one more great opportunity to add to the net leaders as they will try one more ugly scene but we will be ready and willing to snack when that time arises. Also just note the Nasdaq bounced off the support level of 2800 listed below (today low 2802). Just a reminder keep the support and resistance levels mentioned below close to your trading station."