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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: margin_man who wrote (7062)11/27/1998 2:17:00 PM
From: Glenn  Read Replies (1) | Respond to of 7247
 
Cdnow will continue to rise. I probably made a mistake for selling it. This is a dangerous game though. I think the policy of end of day dumping is not bad here though. EGGS continues to shock me. I'm appalled at onsl. Too much.
Agree with you on the internet stocks, obviously.
UNDERVALUED ? I think its very difficult to find undervalued ones at this point. NM is one of the few left that haven't made a big move.
I'm still holding it.
Glenn



To: margin_man who wrote (7062)11/27/1998 2:24:00 PM
From: Glenn  Respond to of 7247
 
I did Christmas shopping yesterday on the net. I loved it. Too easy. This is real.

From the Wall street journal a couple of minutes ago:
"...Meanwhile, the retail sector was also in focus on the day after
Thanksgiving, traditionally the busiest shopping day of the year. Internet
retailers, which have surged in recent weeks amid anticipation that
consumers will be doing much of their holiday shopping online, again posted
stellar gains. Shares of Web-based bookseller Books-A-Million, which
tripled in value Wednesday, rose fourfold to 38 15/16. The American Stock
Exchange Internet index jumped nearly 4% to 535.25.

"There's a tug of war going on right now between those who'll be shopping
online and those who will be standing on line at the malls," said Mr.
Ackerman. "With 20% of households now on the Web, many believe it's likely
that numbers for e-commerce players will be impressive."