This is Agora's latest communique ( Agora, let me know if you have a problem with me posting these the odd time):
Good morning to you all. Following weakness in North American equity
markets yesterday and all week, the S&P futures are indicating that today
will be yet another gut wrencher for the markets. This is supported by
the fact that, despite good earnings reports from companies like IBM and
Sun Microsystems, these companies are trading lower in after-hours
trading and are scheduled to open lower this morning.
Despite this turmoil, we are pleased The AGORA Portfolio is completely
shielded from any possible extended weakness or downturn in the market.
We can attribute this position to two factors:
1] Positions in TECHNOLOGY stocks were taken earlier and at very low
levels. Specifically, our positions in AOL, Netscape, Sun Micro, ATI
Tech and XOOM were acquired at levels significantly below their current
pricing. Thus, these companies would have to fall substantially, almost
catastrophically, to effect them. In addition, we reported yesterday
that AOL, NSCP and XMCM were all being disposed of at extremely
profitable positions yesterday.
2] The AGORA Portfolio refused to join the frenzy for Internet and other
high priced stocks, which has taken place over the last 30 days. Many of
these companies, both US and CDN, are now down 50% and more from their
highs. For specific examples, look no further than AMAZON.COM ($197 to
$97) and BID.COM ($10.00+ to $4.50).
Our consistent approach to "getting rich slowly" has paid and will
continue to pay dividends for all AGORA readers. Investments in Yogen
Fruz and Kinross Gold may not be too sexy but do yourself a favour and
speak to fellow investors who have lost 30,40 or 50% of their money in
just 10 days. It is an ugly feeling that you do not want to experience.
Finally, we do not believe this is the beginning of a great slump in
stock prices (hopefully) but it is definitely a wild downward swing,
which is usually associated with trendy tech companies. As such, keep
your eyes open as AGORA looks to take advantage of excessive selling.
The frenzy may begin again, the trick is to get in early. That's why we
are going to make so much money on AOL, NSCP and XOOM.COM
Have a great day.
Regards,
AGORA
agoracorp.com
The Agora Wire. Published by Agora International Enterprises Corp.
© COPYRIGHT 1997-1999 by Agora International Enterprises Corp. ALL RIGHTS
RESERVED
DISCLAIMER
Information provided by The Agora Wire is intended to level
the playing field between small and large investors by effectively and
swiftly disseminating information to all those interested or
in need of information pertaining to stoc k market events, global
events and any other event which may effect their financial position. We
aim to provide ordinary people and investors an open ear to events
effecting the global economy while they tend to their daily
responsibilities of gainful em pl oyment, tending to their households
or both. In effect, we level the playing field for all those people who
are not rich enough to be placed on their broker's list of phone calls
when news happens. Your consideration received for subscriptions to
The Ago ra Wire is strictly the effective and swift
dissemination of information that is included in our subscription rates
and service guarantee. Such information includes but is not
limited to: breaking global economic develop ments, gover nment
announcements, company press releases, breaking news events and other
matters of significance which may effect the global economy or any part
of it. Information presented by The Agora Wire is not an offer to buy or
sell securities re ferred t o herein . It is strictly an exercise in
our freedom of speech, as guaranteed under our constitution, highly
opinionated and not in any way guaranteed as to accuracy or completeness.
Readers wishing to make investments are urged to ob tain
compl ete financ ial and other information directly from their
investment advisor, certified financial analyst or the
company. Agora International Enterprises will not answer any
specific questions pertaining to investment decisions. W e are not li
able for any investment decision made by you. We are not an investment
advisor, analyst, market maker, money manager, stockbroker, etc.
The Agora Wire maintains a model portfolio to demonstrate
methods of portfolio management and to track our personal f eelings
with respect to the markets. However, because we buy a stock for our
portfolio, it does not mean you should go out and buy that stock for your
portfolio.
agoracorp.com
This is the same common sense you would apply wh en a complete st
ranger buys stoc k for their portfolio. Only you know your
circumstances, your resources and your needs. We do not. We are not
investment advisors and do not purport to tell people, or suggest to
people, what they should buy for themse lves. We never iss ue "Buy" or
"Sell" recommendations, and we don't give personal investment
counseling.
DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from King
Communications Inc., Valu-net Corporation and Mirandor Explorations Inc.
for the purposes of communicating with Internet shareholders - both
current and prospec tive - to increase aw areness of and interest in
our clients. AGORA INTERNET RELATIONS CORP activities are aimed purely
at keeping their clients' shareholders and prospective shareholders
informed about their company. These activities consist of providing
investors with pr ev iously disclosed factual information concerning
the company, comments from company principals, copies of material that
has been filed with regulatory authorities, comments prepared by
registered brokers or investment dealers and material published in
new spapers, magazines or journals.
AGORA INTERNET RELATIONS CORP does not participate in the maintenance of
an orderly market in their client's securities, nor is required, or
receives an incentive for, the maintenance or achievement of a price or
trading volume for their client's securitie s at a certain level,
for a specified period of time or by a certain date. AGORA INTERNET
RELATIONS CORP. may, at any time, own shares in the company.
|
