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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (11514)	4/14/2000 4:03:00 PM
From: Vendit™	Respond to of 19374

When the street turns red...........time to buy.<g> ISN ONES TO WATCH UPDATE (Newsletter) As you may remember, just days ago, we converted our entire Ones to Watch portfolio to cash as we felt that the NASDAQ Composite broke a key support level. On the next day the NASDAQ Composite closed down over 7%, the biggest closing percent loss for the NASDAQ in history. We predicted to find support at 3649, last week's low and then rally from there. Today we broke the 3649 level at open and started to trade downwards. Therefore the next support level for the NASDAQ seemed to be approximately 3500, near the NASDAQ's 200-day moving average. This afternoon, when we saw the NASDAQ break 3500 we started buying large positions in several leading Internet stocks. We based on our criteria on the following: When we hit the intraday low 3649 level in the NASDAQ last week and then proceeded to rally, these Internet stocks showed some of the largest percentage gains in the 3-day tech rally. In fact, if you were able to purchase these stocks at their lows of last week and sell out at the highs experienced last Friday you could have made nearly 100% on your investment within a 3-day period. We are now adding these stocks, Engage (NASDAQ: ENGA), Navisite (NASDAQ: NAVI), and Verisign (NASDAQ: VRSN) to our Ones to Watch list and allocating 1/3rd of our model portfolio to each immediately. Purchase prices for these stocks are $24, $33, and $101 respectively. However 52-week highs for ENGA, NAVI, and VRSN are $94 «, $164 15/16, and $258 respectively and thus any entry point lower than ours or as high as 40% above ours still represents a bargain in our opinion. While these and other Internet stocks are well off their highs and as markets remain extremely volatile, investors should bear in mind that these stocks may head far lower. As we stated above, factors that most investors cannot easily control or hedge against, such as SelectNet execution errors and Margin Calls have heavily influenced market movements. At this point, with the NASDAQ Composite falling over 30% from its previous high, we are looking at our current Ones to Watch stocks as short and long-term value investments. As Internet stocks movement often exaggerates that of the NASDAQ Composite, and as the upside for the NASDAQ just to reach its previous high is near 50% we view the long-term upside for leading Internet stocks at current NASDAQ levels to be well over 100% and therefore are investing heavily in Internet leaders such as ENGA, NAVI, and VRSN. As always we will continue to actively manage our Ones to Watch portfolio in bull and bear markets as an aggressive Internet stock portfolio and will keep you updated. Good luck with your investments!