news:
biz.yahoo.com
Wednesday January 6, 9:02 am Eastern Time
Company Press Release
Raging Portfolio and Bullish Portfolio Beat S&P 500
Raging Bull, the Internet's Fastest Growing Financial Web Site, Trumps Top Fund Managers
ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 6, 1999--Raging Bull(tm) (http://www.ragingbull.com), the newest hot spot for
online stock discussion, free stock quotes and original financial editorial, announced today that the site's two model portfolios
outperformed the S&P 500 at year-end, 1998. The Raging Portfolio, launched on February 20, 1998 and primarily comprised of technology stocks, registered an
outstanding gain - closing the year up 100.14%. The Bullish Portfolio, also launched on that date but featuring more traditional consumer holdings, ended 1998 up
20%, with all but two positions profitable. The benchmark S&P 500 rose 18.97% in the comparable 10-month period.
The Raging and Bullish Portfolios are model stock portfolios managed by Raging Bull founders, and the Internet's latest ''basement to boardroom'' Wall Street
successes, William C. Martin, Greg Wright and Rusty Szurek. The portfolios are posted at ragingbull.com and
ragingbull.com respectively, and can be viewed free-of-charge on the popular, financial Web site.
''We are thrilled with the portfolios' strong performances in a year marked by global economic volatility as well as increased popular interest in day-trading and tech
stocks,'' explained Martin. ''We worked to maintain a balanced and thoughtful approach to our investments - buying leading companies with proven advantages as
well as underdogs with unique prospects and opportunities - to demonstrate what we consider a sound yet raging investment philosophy for turbulent times.''
''We incorporated a lot of the insight and experience gleaned from our members who post commentary, relevant links, and opinions on corporate information to our
boards,'' added Szurek. ''The success of these portfolios grew out of that rich environment and we will continue to add innovative and functional features as we strive
to be the most useful 'information-exchange' site on the Web.''
Postings to the message boards as well as traffic to the model portfolios is increasing exponentially at Raging Bull, one of the leading financial message board sites on
the Internet and the only one to offer users a time-saving ''ignore'' feature to block irrelevant commentary and filter out misinformation. Martin, Wright and Szurek
have attracted a robust community of savvy personal investors who comprise a unique and entirely free financial resource for experienced and novice investors alike.
Raging Bull beats S&P 500, page 2 About The Raging Portfolio (http://www.ragingbull.com/portfolio/raging/)
Launched on February 20, 1998, the Raging Portfolio ended the year up 100.14%. The objective of this model portfolio is to maximize return on investment through
aggressive yet supportable strategies. At year-end 1998, every single position in the Raging Portfolio was up. Out of 26 stocks purchased, 21 were profitable with
19 outperforming the S&P. The top gainers of the year were Open Market, Inc., (NASDAQ:OMKT - news), Macromedia, Inc., (NASDAQ:MACR - news) and
Exodus Communications (NASDAQ:EXDS - news). Other strong performers included Lycos, Inc., (NASDAQ:LCOS - news); Yahoo! Inc., (NASDAQ:YHOO -
news); Informix Corporation (NASDAQ:IFMX - news); SFX Entertainment, Inc., (NASDAQ:SFXE - news); Intel Corporation (NASDAQ:INTC - news);
CNET, Inc., (NASDAQ:CNET - news); Ascend Communications (NASDAQ:ASND - news) Catalytica, Inc., (NASDAQ:CTAL - news); Apple Computer, Inc.,
(NASDAQ:AAPL - news); At Home Corporation (NASDAQ:ATHM - news); Advanced Fibre Communications (NASDAQ:AFCI - news); Microwave Power
Devices (NASDAQ:MPDI - news); Qwest Communications International, Inc., (NASDAQ:QWST - news); and Monsanto Company (NYSE:MCT - news;
NYSE:MTC - news). Shares of WavePhore, Inc., (NASDAQ:WAVO - news) and E*TRADE Group, Inc., (NASDAQ:EGRP - news) were sold earlier in the
year.
About The Bullish Portfolio (http://www.ragingbull.com/portfolio/bullish/)
Launched on February 20, 1998, the Bullish Portfolio ended the year up 20%. The objective of this model portfolio is long-term capital appreciation through focusing
on quality companies or undervalued situations. Top performing holdings in 1998 included Boeing Company (NYSE:BA - news); International Comforts Products
(NYSE:ICP - news); McDonald's Corporation (NYSE:MCD - news); Enron Corporation (NYSE:ENE - news), Walt Disney Company (NYSE:DIS - news);
Frontier Corporation (NYSE:FRO - news); Lucent Technologies, Inc., (NYSE:LU - news); Philip Morris Companies (NYSE:MO - news); SAP AG (NYSE:SAP
- news) and Williams Companies, Inc., (NYSE:WMB - news). Other positions included Merrill Lynch & Company, Inc., (NYSE:MER - news) and General Motors
Corporation (NYSE:GM - news).
About Raging Bull
Raging Bull (http://www.ragingbull.com) is a dynamic and free financial Web site dedicated to empowering online investors with the best in financial discussion and
commentary alongside free real-time stock quotes. The Company's in-house message board technology offers innovative features including a unique, time-saving
''Ignore'' command to filter out unwanted postings from specific members. Users may create personalized ''My Raging Bull'' home pages to easily track their favorite
boards, members, investment data and corporate information.
The site also provides timely original analysis from the company's expert editorial staff, including The Capitalist Pig and NPR commentator, Jonathan Hoenig, as well
as Matthew Ragas whose weekly Cyberstock Investor Report boasts delivery to many of Wall Street's financial elite.
Raging Bull has received funding from @Ventures, the affiliated venture capital arm of CMGI, Inc. (NASDAQ:CMGI - news). For more information on Raging Bull,
go to ragingbull.com, call Krista Thomas at (978) 684-3141 or email: krista@ragingbull.com.
Contact:
Raging Bull
Krista Thomas, (978) 684-3141
krista@ragingbull.com
or
Copithorne & Bellows
Diane Parazin, (617) 450-4300, x 250
diane.parazin@cbpr.com |
