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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (14919)5/20/1999 4:50:00 PM
From: Trader J  Read Replies (2) | Respond to of 56535
 
DRIV: Solly initiated coverage with a "buy" and a $50 target. Didn't help too much but I am trying to stay long. May add tomorrow if I can catch a dip.

biz.yahoo.com

Tj



To: LTK007 who wrote (14919)5/20/1999 5:01:00 PM
From: Trader J  Respond to of 56535
 
WEBT - Looking very attractive here, especially when considering the recent analyst coverage. Inets way out of favor, this one keeps moving up onto my priority list.....I may find myself in this issue tomorrow if I can catch a dip. Coming off a high of $70 and change, volume still good. Was just at a firewall training course where the security guru was very high on WEBT's reporting product.

Company is just down the street from me and I may need to go speak with the CEO to get a better picture of the company and where they are going. Everything looks good though and they just seem to be out of favor with all the others at the moment.

This might be the time to start considering some 1/2 positions in the beaten down Inets. Consider 1/3 or 1/2 positions of AWEB/ABTL, DRIV, WEBT, ABOV, and a major such as AOL. Watch any corrections though, things still look weak for the time being.

TJ