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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: BubbaFred who wrote (3016)12/29/1998 12:56:00 AM
From: Jon K.  Read Replies (1) | Respond to of 99985
 
>>I expect an excellent chance for a 100 pt one day drop in AMZN. <<

excellent chance? yes.
100 pt. one day drop? Probably not. I would go for 50 pt. max./day.

Anyway, today was the first time I traded a stock without doing any research at all. SKYM almost ten folded in 3 days, I figured it had to come down some. (By the time I did all my research, this stock could have lost half of its value). I still don't know what this company does.

So the moral is: TA works FA sucks on internut stocks!



To: BubbaFred who wrote (3016)12/29/1998 7:11:00 AM
From: KM  Respond to of 99985
 
Interesting take on the nutz from an insider
(from Street.com column on what can stop the internets)

An Insider's Warning
Working as a site designer for many corporate Web sites, including some of the ones investors have seen just released into the IPO market, I can easily tell you that the rise of Internet stocks has been seen by workers in the industry as a joke.

I feel sorry for the investors in Net stocks, because they know very little about what they are buying. Most of the sites we design will never make money. The reason is simple: They are free. I don't care what any Net stock analyst tells you, advertising alone won't cut it, and page views mean nothing. Our research on post-site implementation shows that about 1% of all viewers even click on an ad, and based on numbers alone, this percentage may fall to .5% by spring.

The ultimate killer would be recession, because of the nature of these companies' revenue streams. Do you need a book a week in a recession? Would you pay five cents per email to AOL? Would you auction for merchandise at eBay?

While these stocks are the purest manifestation of this bull market's greed, the sites are an extension of that. Based on what I have seen of the sites we are currently developing and the conversations with colleagues at work on other sites, 95% of these companies will be bankrupt by next year.

--Erik Pupo