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

To: LastShadow who wrote (5030)	12/28/1998 1:10:00 PM
From: John J H Kim	Read Replies (2) \| Respond to of 43080

Alert: BrooklynBridge.com I heard this website is now taking online bids for the sale of this New York Landmark.

To: LastShadow who wrote (5030)	12/28/1998 1:11:00 PM
From: AlienTech	Respond to of 43080

>>AARRGGHH!!<< Cut it out or you are gona blow a casket. ACTIVE APPAREL GROUP INC (AAGP) 9 7/16 +8 3/16. No sense wasting your time or ours discussing the fundamentals of unisex activewear designer, Active Apparel Group. Shares of the New York City-based company are up 655% today based simply on the company's mention of the Internet in its latest press release, announcing the debut of its Web site, www.everlastusa.com. In case you haven't figured it out by now, the mere mention of the Internet is usually good for at least a 30% pop in the stock, and has in the recent past propelled issues 300%, 500% and even 1100% over the course of one trading session. (Of course, many of these issues have tumbled 50% the next day and given back as much as 85% of their gains over the following two to three weeks). Because fundamentals are not an issue here, we will not discuss P/Es, Price/Sales ratios or gross margins. Listed below is much of the information that is being taken into consideration by momentum investors who are trading this stock today. Float: 1.4 mln shares; Average daily volume: 39,000; Other recent Internet-related press release: On Dec. 8, company announced that a limited selection of its Everlast women's and men's activewear would be marketed via a web site specifically designed for the company on Fashionmall.com. Reaction to last Internet-related press release: Stock rose 46% to $2.19 per share. Corporate Developments: In Sept, company announced receipt of a notice of delisting from the the Nasdaq, premised upon the company not meeting Nasdaq's market value of public float standards. In Dec., stock began trading in the Nasdaq Small Cap Market. Intraday Range: $3 to $10 Intraday Support: $6 Intraday Resistance: $10 Charts: Intraday; Weekly