| To: Jack Hartmann who started this subject | 8/16/2000 10:38:28 PM | | From: Jack Hartmann | | | | Portfolio up 0.66%, Dow down 0.53%, Nasdaq up 0.25%, S&P500 down 0.31%, Gilder up 1.1%, Meisler up 0.1%, J-Blimps down 1.0%, Fuel cells/Alt energy up 0.1%
NYSE Volume: 931 mln...Adv: 1594...Dec: 1243
Nasdaq Volume: 1.39 bln...Adv: 2031...Dec: 1904
Put/call ratio is 0.55 (range 0.45-0.61)
Sector Watch
NYSE Comp. ($NYA) 666.25 -1.76 -0.26% Still above the 666 level which was the previous peak. Hate that number.
Nasdaq has eight green days to two red one and only up about 320 points. This is one weak rally.
Cyclicals (XLY) 25.79 -0.52 -1.98% HD dropped 4.7%. Despite the positive media hype this sector is now below the 200/50 day EMA bearish stack.
Gold ($XAU) 54.47 +1.45 +2.73%. PDG led it up with 7% gain on no news. December gold rose 30 cents to close at $277.60 an ounce. Very close to breaking the 50 day EMA of 55. Resistance level of 60 will be stiff. Might try a gold stock if sector can break this 60 level. AU ABX AEM MDG FCX HM PD NEM PDG make up this sector. phlx.com
Oil Services ($OSX) 133.24 +4.25 +3.29%. Busted through two year high of 131 today. Very bullish chart. SLB led sector with a 5% move. Every one of the stocks in the index was green. BHI CAM FLC GLBL GLM HAL NBR NE RDC RIG SII SLB TDW VRC WFT comprise this sector. Frost securities downgraded SLB and BHI today too. But this news came out also.
"Merrill Lynch raised its third and fourth quarter forecasts for WTI prices per barrel to $29 and $25. Previously, they were $26 and $23, respectively. The revision is based on tighter-than-expected global oil balances as reflected by a "significantly smaller-than-expected" rebuilding of petroleum reserves. Merrill's 2001 and 2002 price forecasts remain at $23 per barrel. "On a very near-term basis, we do believe that Saudi Arabia is uncomfortable with prices above $30, as are the G7 nations, raising the prospect of a supply response on-or-ahead of the September 10th OPEC conference," the research note said.
Retailers ($RLX) 817.63 -24.10 -2.86%. News on earnings is got everyone on edge. Below bearish 200/50 stack and gettting worse. Avoid this sector.
Broker Dealers ($XBD) 600.92 -13.81 -2.25%. DLJ and GS lost 4% today to drag index down. Dipped below 10 day EMA – a first since June. Still well above 50/200 stack. No news really other than SCH announcing pre-market trading on-line. AGE SCH DLJ EGRP GS LM MER MWD PWJ RJF are in the sector.
Portfolio Watch
CNC down 2.52%. 500K buy at the ask in the afternoon. Interesting.
MTSN up 4.57%. Outperforming the SOX both in advancing days and declining days. Busted out of the negative channel that formed since late June.
KEM up 6.54%. KEMET Corporation Announces Common Stock Repurchase Program was the headline, following VSH’s lead a few days ago. Good move by company.
Other stocks on the move
CPST up 8.0% on no news. Been moving sideways. Revenues are uneven and every quarter is a loss. Cash burn must be high. Moving sideways since IPO. High risk/low reward.
GLW announces a 3/1 split and goes up 5%. Really moving sideways since June runup. I expect a downturn since volume is weaker. Only a blowout by CIEN can make this higher.
HWP posted blowout earnings, but 2Q revs were down sequentially. Excluding equity gains, the company posted earnings of 97 cents a share for the current quarter. Analysts surveyed by First Call/Thomson Financial were expecting earnings of 85 cents a share. Revenue rose to $11.82 billion from $10.32 billion a year earlier. Home-PC revenue grew 62%. In notebooks, which grew 93% in terms of revenue.
ADI posted great number and issues upside preannouncement. Gained 13% today. Have to re-read my DD on it and find out why I didn’t buy it then. From $61 to $91 in six days. Wow. I hate chasing stocks on fire.
KANA went up 16% on its alliance with IBM. CSCO alliance announced on Monday. Have to DD the past CSCO/IBM effects on other companies. Double bottom and monster green volume with good news. Why did I sell this the other day?
Starbucks (SBUX) as halted earlier this afternoon. It will assume a $20.6 million charge in the October quarter from its investment in Living.com. That furniture Web site is closing its doors and filing for bankruptcy, blaming an inability to raise capital. Another dot.com biting the dust.
Prudential lowering view on defense sector to HOLD from ACCUMULATE. Specifically cuts rating Boeing (BA) and Lockheed Martin (LMT) to HOLD from ACCUMULATE and General Dynamics (GD) to ACCUMULATE from STRONG BUY. Firm not bullish on Boeing deal to acquire Jeppesen Sanderson Inc. from Tribune Co (TRB) for $1.5 bln in cash.
DLJ downgraded HD, COST and WMT. This morning, Prudential lowering TJX Cos (TJX) to HOLD from STRONG BUY, while Salomon Smith Barney cutting Home Depot (HD) to OUTPERFORM from BUY.
Portal Software (PRSF) 54 3/8 +3 1/16: A flood of positive announcements are driving shares of this customer management and billing software developer higher. IBM agreed to incorporate Portal's Infranet technology in IBM's worldwide ASP Prime Solution Centers. Portal also announced that through a collaboration with Andersen Consulting, Portal will offer circuit-switched voice billing capabilities in conjuction with IP capabilities through their Infranet ICP product. By extending Infranet to include voice billing capabilities, customers will be able to add voice based functionality to their existing data based system without having to run simultaneous billing software systems. The extension into voice is a natural one for Portal's Infranet, and should increase market appeal for the software. The announcement should have negative implications for smaller competitor, Daleen (DALN) which offers a competing voice/data billing software product. Despite consistently beating Street estimates on strong revenue growth, PRSF shares are trading only slightly higher than their January levels. Tomorrow's scheduled Q2 earnings release coming on the heels of today's positive announcements could provide another catalyst for the shares. Portal will release Q2 earnings after the close tomorrow, and the First Call consensus mean is $0.01 EPS, but as in past quarters, we expect upside. Of the three sell-side research previews we looked at, all of them are expecting software license revenues in the $39.6-39.9 mln range and service revenues of $17.0 mln, bringing the total revenue estimate to $56.6-56.9 mln. Gross margins should show a slight improvement from last quarter's 79%. We expect slight upside to EPS and revenue estimates, and if the prediction holds true and the market cooperates, we would expect further short-term upside to PRSF shares. - Matt Gould, Briefing.com. Chart shows consolidation but broke 50/10/200 day neutral stack.
Sawtek (SAWS) 42 7/8 +3/4: One thing that drives most investors crazy is when a stock they own drops sharply even though the company reports good news... At this point, SAWS shareholders are probably on the verge of checking into the looney bin as they have watched their stock plunge 42% since July 14th -- the day the company reported the highest quarterly earnings per share and net sales figures in its 21-year history... On a percentage basis, earnings surged 83% to $0.34 on a yoy jump in sales of 69% (sales were also up an impressive 17% sequentially. From briefing.com
I really need to DD this one. Still in a negative channel, but coming close to breaking the 10 day EMA. 50 day EMA about to cross under the 200 day EMA, which would be bearish.
Maybe everyone has cash waiting for the Nasdaq crash that doesn’t come on command. I think sector investing is one way to ride momentum up and lessening risk. I think a lot of money on the sides waiting for the FOMC meeting next week and options expiration Friday.
Jack |
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| To: Jack Hartmann who wrote (598) | 8/17/2000 8:35:03 AM | | From: Mike E. | | | | Good morning, Jack.
Don't you think American Airlines should be set to benefit from UAL's demise? AA is the next biggest carrier out of O'Hare:
08:07 [UAL] UAL'S CEO SAYS Q3 REVENUES 'NOT AS STRONG AS WE HAD PREVIOUSLY ANTICIPATED'
08:07 [UAL] UAL CITES 'FALLEN' BOOKING LEVELS STEMMING FROM FLIGHT CANCELLATIONS
08:07 [UAL] UAL CORP. SEES Q3 EARNS COMING IN BELOW DOWNWARD-ADJUSTED RANGE $2.60-$3.20/SHR
I flew extensively before "retiring" in March and was a Premier member of UAL's Mileage Plus program. I grew to hate United Airlines and swore I would not fly them again if given a choice. I have 150k+ miles to use worth of free tickets and that is the only way I will fly United. Customer service has been terrible and deteriorating (sp?) rapidly over the last year and a half or so. I, personally, think United is in worse shape than the latest news really indicates.
Mike |
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| To: Mike E. who wrote (599) | 8/17/2000 10:34:23 AM | | From: Jack Hartmann | | | | Don't you think American Airlines should be set to benefit from UAL's demise? AA is the next biggest carrier
out of O'Hare:
Mike, I think American will benefit some because they are compensated by United for taking overflows. These higher fuel costs are hurting the bottom line to all airline. The United pilots not working overtime may give warning that this could happen to them also. It appears the United booked 2000 flights a month with the pilots working the extra time. I remember one United Exec saying the industry was better off running fewer flight and increasing capacity, but charging more for passengers to fly.
I have always flown United, but the last two flights were delayed, so I switched to American. My friend who works for them thinks that the pilots union is hurting themselves because they own a large chunk of United Stock.
Haven't taking a look at the American Airline chart. Would need to see where their contract status is with the unions also.
Jack |
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| To: Jack Hartmann who wrote (598) | 8/17/2000 11:21:33 PM | | From: Jack Hartmann | | | | Portfolio up 0.74%, Dow up 0.43%, Nasdaq up 2.06%, S&P500 up 1.10%, Gilder up 2.0%, Meisler up 2.0%, J-Blimps up 3.7%, Fuel cells/Alt energy up 2.4%
NYSE Volume: 860 mln...Adv: 1552...Dec: 1264
Nasdaq Volume: 1.35 bln...Adv: 2108...Dec: 1850
Put/call ratio 0.59 (range 0.51 to 0.60)
Sector Watch
NYSE Comp. ($NYA) 671.19 +4.94 +0.74% Nearly at old high set earlier on Monday.
Nasdaq Comp. ($COMPQ) 3940.87 +79.67 +2.06% Set right between 200/50 EMA stack. Truly odd.
Energy (XLE) 32.75 +0.75 +2.34% Setting a two year high today. ENE led sector up with 7% gain. Crude and natural gas very high again.
XOM RD CHV SLB TX ENE HAL WMB COC.B CGP P EPG RIG BHI UCL BR UPR APC MRO OXY APA KMG AHC CG TOS RDC SUN ASH MDR make up the weighted index amex.com
Biotechs ($BTK) 672.93 +20.54 +3.15% Although INCY not in the sector it jumped 20% on licensing deal with MOT. IMNX led sector up with 10% gain UBS Warburg reiterates coverage of IMNX at Strong Buy, price target $51
AMGN BGEN CRA CEPH CHIR CORR GENZ GILD HGSI IDPH IMNX MEDI MLNM ORG PDLI VRTX are the index.
Disk Drives ($DDX) 86.21 +3.08 +3.71%. RDRT up 20% on speculation of a 20Gbt hard drive announcement. This company has lost money each of the last four quarters. HMTT HTCT IOM KMAG DSS HDD RDRT SEG STK WDC are the index
Gold ($XAU) 52.90 -1.57 -2.88% every company red. This resistance toward 60 is tough. December gold rose 30 cents to $282.60 an ounce AU ABX AEM MDG FCX HM PD NEM PDG are the companies in the index
Hardware ($HWI) 430.17 +13.38 +3.21%. SGI led the group high with 9% gain on no news. Still above 50 day EMA for the sector. AAPL CPQ DELL GTW HWP IBM MUEI SGI SUNW are the companies in the index
DOT ($DOT) 766.20 +20.37 +2.73% TSCM internet index went along with the rest of the techs
Natural Gas ($XNG) 216.88 +6.24 +2.96%. No solution to natural gas shortage. I really don’t like the 50% higher gas forecast.
Network ($NWX) 1325.09 +40.33 +3.14% CIEN carries this group up 10% on great earning yesterday. Still above 50 day EMA but 20% off highs.
ADPT ADCT ADTN ALA CS CIEN CSCO CMVT ECIL LU NN NT PAIR TLAB COMS are the index
Oil ($XOI) 528.10 +10.94 +2.12% Crude at $32. Every company was green today.
AHC BP CHV COC.B XOM KMG OXY P REP RD SUN TX TOT UCL MRO are this index.
Broker Dealers ($XBD) 624.30 +23.38 +3.89% DLJ and EGRP led sector high with 8% gains. No news of importance other than FED speculation will help this group. Volume pick up in August is helping too.
AGE SCH DLJ EGRP GS LM MER MWD PWJ RJF
Semis ($SOX) 1111.06 +37.76 +3.52%. LLTC up 8% to lead group. Broke above key 50 day EMA. Sector was punished so running up again. Next 10% will be tough. ALTR AMAT AMD INTC KLAC LLTC LSCC LSI MOT MU NSM NVLS RMBS TER TXN XLNX are the SOX.
Portfolio watch.
Nothing above 4% either way. Most ran with their various sector.
This ASYS ran up to $16 before profit taking occurred. Quadrupled in a day. No share available to short that I could find. Added MCDT as a short term trade. If around by Friday, then will be added to the portfolio. Despite the Nasdaq cheerleading, the 50 day EMA will not cross the 200 day EMA. Very tough resistance. I have some cash waiting for a dip in some good tech stocks like CIEN, CREE, NTAP, ADI. Just isn’t happening. Consolidation is that the portfolio keeps adding small gains over the last two weeks.
Jack |
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| To: Jack Hartmann who wrote (602) | 8/18/2000 10:30:08 PM | | From: Jack Hartmann | | | | Portfolio down 0.02%, Dow down 0.08%, Nasdaq down 0.27%, S&P500 down 0.29%, Gilder up 1.3%, Meisler up 1.6%, J-Blimps up 1.6%, Fuel cells/Alt energy up 0.7%
NYSE Volume: 817mln...Adv: 1170...Dec: 1603
Nasdaq Volume: 1.4 bln...Adv: 1876...Dec: 2087
Put/call ratio is 0.44 (range 0.40-0.49) The bulls are raging now.
Sector Watch
Mostly a lazy day with small profitaking on yesterday’s rises.
Disk Drives ($DDX) 94.91 +8.70 +10.09% Ok, Now I’m awake. HMTT up 31%, KMAG up 31%, RDRT up 17%, WDC up 28%. This move today broke through the 200 day EMA. Busted above three levels of resistance. Something up for the sector. I must DD the best of the lot and try to figure out what’s happening on the balance sheets.
"Investors are buying on optimism for the fourth quarter and the prospect that companies in the sector will return to profitability," said Chase H&Q analyst Bill Lewis.
Disk drive companies were hampered by price declines and chip shortages in the second quarter, Lewis said.
The turnaround in the disk drive sector comes a week after Salomon Smith Barney downgraded hard-disk stocks based on the belief that the industry will take longer to recover than previously expected.
HMTT HTCH IOM KMAG DSS HDD RDRT SEG STK WDC make up this index
Drugs ($DRG) 388.58 -8.50 -2.14% Every single one was red though none over 5%. Sector drifting below its peak of mid-July. Nothing good since the Eli Lily court loss last week. Buying a pharmaceutical stock means looking at the drug pipeline closely.
ABT AZA AHP AMGN AZN BMY FRX GLX JNJ LLY MRK PFE PHA SGP SBH are the index.
Portfolio Watch
MTSN up 6.65%. Another chip maker riding high. This is up 25% in a week and I haven’t taken profits yet. Trying to make this my long term semi stock since January, but this run is wild.
EPG up 0.87%. New52whHI. Oh yeah. Natural gas is hot. There has to be a winner in high natural gas prices beside these companies.
IFR up 4.34%. Still have a hard time thinking this is a semi stock but market has its label on it.
CTB up 4.57%. Finally. Nice move on good volume. Firestone issue got someone digging around in sector. Had to dust the cobwebs off this one.
Focus Stock
UCL down 3.40%. Unocal Corp. (UCL, news, msgs) has offered oil companies limited amnesty from punitive damages for infringement on its five reformulated gasoline, or RFG, patents.
In letters sent to refiners in two batches Aug. 3 and Aug. 11, the Los Angeles-based company made the offer to grant amnesty from enhanced-damage claims in exchange for license negotiations and production disclosures, according to Unocal spokesman Barry Lane.
"We're offering that if they enter into serious licensing discussions within 45 days (of the dates of the letters), Unocal will waive any claim to enhanced damages for willful infringement of its patents for infringing gasoline sold during...calendar year 2000," Lane said.
To qualify for the limited amnesty, refiners and blenders would have to provide on a confidential basis production records for gasoline with a Reid vapor pressure of 7.5 pounds per square inch or less during the period from Jan. 1, 1996, to the present.
These records would help determine whether patent infringements had occurred, Lane said. "We don't know if they infringed or the degree of infringement until we sit down and talk to them," he said.
No company has responded so far to the offer, Lane said.
Then the fisrt salvo is fired:
Exxon Mobil Corp. (XOM, news, msgs) Friday rejected Unocal Corp.'s (UCL, news, msgs) offer to waive claims on patent infringement, insisting it hadn't infringed on Unocal's patent for reformulated gasoline.
Moreover, Exxon Mobil said, that offer by Unocal triples the patent royalties that would be paid by refiners producing cleaner-burning reformulated gasoline.
"It's Exxon Mobil's position that we've not infringed on any of Unocal's patents," said company spokesman Tom Cirigliano. "As Unocal knows, we're currently appealing to the U.S. Supreme Court because we believe Unocal abused patent and regulatory process. Unfortunately, if Unocal's statement is true, Unocal is now seeking more than 17 cents a gallon for gasoline (manufactured by use of Unocal's invention), rather than the 5.75 cents a gallon which has already alarmed consumers and government agencies."
Cirigliano was reacting to an Aug. 3 letter from Unocal that offered the waiver if refiners and blenders agreed to enter good faith discussions with Unocal regarding the gasoline patent, which is one of the factors blamed for the rise in summer gasoline prices.
This is going to get very ugly, but the merits of the case made at the appellate court should hold up at the Supreme Court. Bush-Cheney tickets has roots originating in the oil industry. With millions at stake, the outcome of the election may sway policy toward this whole issue of reformulated gasoline as the new administration could have EPA stay/enforce the use of reformulated gas rule.
Stock Watch
ATML was up nearly 10% today raising Gilder up. ML Joe Osha raised ATML and other semi stocks. Very bullish.
ASYT up 18%. A chip maker riding the semi boom up to help Meisler portfolio.
DITC up 14% Revs up 345% from a year ago to assist Meisler. Ditech's pro forma net income available to common shareholders for the first quarter of fiscal 2001 was $14.2 million, up from $940,000 in the same quarter last year. Pro forma earnings per share for the first quarter was $0.47 compared to $0.04 for the same quarter last year. Stock has been beaten down and now running up. Still not hit the 200/50 day EMA yet.
CREE moved the J-blimps by going up 14% on making a well read top ten list. Fortune Top 10 : Accompanying Fortune's 100 Fastest Growing companies list was an article titled Ten Stocks: The Best of the Bunch; those stocks were: Network Appliance (NTAP), Solectron (SLR), Mercury Interactive (MERQ), Sapient (SAPE), i2 Tech (ITWO), RF Micro (RFMD), Cree (CREE), Comverse (CMVT), Forest Labs (FRX), and Guidant (GDT).
This portfolio has done OK since the big Nasdaq drop in late July. Only two down days in the last ten trading sessions with today being flat. Less volatility.
Watching the put/call ratio getting low again. A lot of optimism going into next week’s FOMC meeting. Usually the Nasdaq has rallied on FOMC days. Sure looks like rates won’t be raised. Many high flyers are getting bought in at levels I find expensive. I hate chasing stocks when the general trend has gone up on weak volume. I don’t like the advance/decline line of the Nasdaq. This rally is narrow and really only in the semis and a few others. The Nasdaq looks like a symetrical wedge that will resolve its direction before mid/late-September. We’ll be above 4600 or below 3200 by then. Just not sure which way it will go so portfolio is weighted toward NYSE tech stocks with reasonable P/Es. Playing it defensive if the market goes south and buying strong NYSE stocks in the various sectors to ride the group’s bullish pattern if the trend is up.
Greg (IOIH) said it best.
Gap and sell...that's the market we are in. Daytrading is tough...position trading and good stock picking is about all that works right now. You almost have to take the chance and hold stocks overnight in this market. Momo plays are few and far between.
Message 14237627
Jack |
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| To: Jack Hartmann who wrote (488) | 8/19/2000 12:10:00 AM | | From: Jack Hartmann | | | | W) Update on PRSF
Rev 15.2M to 20.8M to 28.1M to 39.0M to 50.6M Apr00
EPS (0.02) to (0.01) to 0.00 to 0.02 Apr00 per briefing.com
Listened to CC
- 64.5M in rev 28% q2q (was 37% q2q last q)
- 0.03 EPS (two cents better than 0.01 est)
- Added 80 new customers in the quarter now total 300
- PRSF working with CSCO to develop broadband solutions
- 10M of revs from Asia
- Getting 2 wins for internet telephony in China
- Won contracts with Sprint and Reuters
- License rev 69% of rev, Service is rest
- 13.7 in R&D, G&A at 8.0M
- License fee gross margin 99%
- Total margin is 80%
- 46.8M in acct rec and 59 for inventory turnover
- Will implement Oracle HR application this quarter
- Top ten customers were 29% of rev
- CSCO and SUNW are very strong in Japan. PRSF doing well in Japan. Japan is heavily regulated so they are finding out that it not cost efficient to develop this solution in house.
- Number one internet billing company. DOX ships to telecos. Ours is off the shelf software. Becoming safe solution in this area. Attracting the big customers.
- Only took 5 weeks to implement PRSF software in US West
- 15% tax rate this quarter
- Focus of company is market share
- Not seasonal but Europe is slow in summer
14 insider sales in July alone.
Summary
Momentum slowed in terms of revenues hence the WATCH rating. Seeing more red days in last weeks than green as momo players seek other companies. Company belong in any long term portfolio. A young SEBL maybe budding here.
I really don't like the flood of insider sales. Chart is indecisive. I'll just wait until things settle a little on this.
Jack |
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| To: Jack Hartmann who started this subject | 8/19/2000 10:07:16 PM | | From: Jack Hartmann | | | | Screening for some aggressive growth stocks.
Going to take IBD TOP 200 stocks and some others to check if there is a beaten down stock that really missed the recent rally.
Stage 1: Revenues growing 20% sequentially for four quarters or last three if dailystocks.net doesn't have more data for IPOs.
No Data for three quarters on dailystocks: ASIA, OVTI, GCOR, IFX, PASA, TWAV, BKHM, CUBE, XLA,
Failed: KLIC, MPPP, RTEC, PCLN, PWER, VRTA, CYSV, DTPI, QSFT, QEDI, ALKS, VPI, VICL, EMLX, JPTR, IIXL, OKE, PEGS, PDLI, DVN, NSPK, CLRN, MRL, WGRD, WITC, DIGL, LPTHA, BRCM, PPP, GELX, WSTL, EXTR, ARQL, TXCC, SDLI, INFA, CCMP, CHKP, TLGD, RMBS, PCCC, BEIQ, ANEN, SNRA, ITWO, TNL, ADCT, NTAP, NEWP, QGENF, PLXS, MERQ, SEBL, IONA, ORCL, DRAM, KEI, MANH, VRTS, NT, FLEX, MCRL, PMCS, PLT, SUNW, LOGIY, EMC, JBL, PSEM, SMTC, ALTR, WAT, CDWC, SILI, DST, ORBT, ARMHY, QLGC, FISV, NICE, PLXT, ELNT, TQNT, SEIC, TCM, BBRC, APH, ADVS, VARI, BARZ, GLW, AMK, SFA, TKLC, PRLX, ELNT, VTSS, ADI, BOBJ, TECH, MXIM, ACTL, CREE, TTIL, XLTC, XLNX, GMST, SCI, LLTC, MSS, MCHP, VSAT, EXFO, CDT, PWR, BELM, RSYS, INFY, WTSC, CHIR, CTK, ENZ, AXE, NLCS, SRDX, PWAV, SYK, AFCO, CTSH, JKHY, PKI, NUHC, INTC, SCSC, LFUS, MLT, ADBE, NATI, AFCI, TECD, DIGL, FORTY, INFA, SPLI, NSIT, ZRAN, FLSH, ZIGO, CLS, CAMD, ATSN, ACTU, BELFB, MERX, DSPG, GENZ, GSLI, PDLI, IDTI, FEIC, AXTI, DATM, SUPX, PROX, AUDC, FEI, RNBO, TDK, EXAR, NANO, DOX, INTU, ACS, ALSI, CSGS, AREM, RSH, BMET, COGN, MU, MTD, CVG, CRUS, NYFX, TXCC, IVIS, ISSI, TXN, AMAT, ALA, NVLS, OCCF, CYBE, AMD, APWR, SDS, MDT, DCTM, WGOV, TRMB, REMC, VICR, CAMP, ACTM, STM, PSFT, TWTR, COHR, MAPS, IRF, DS, CSCO, QCOM, KOPN, QNTS, RIMM, AAPL, MRVC, CPN, JMED, WCII, GBLX, LRCX, ACOM, DISH, CCUR, CC, ZANY, ATHM, PDYN, TSCM, RFMD, MTSN, CYTC, AVX, KEM, VSH, ACVC, CNSW, EK, KLIC, LIOX, NSIL, SONO, WOMN, SBUX, NABI, PER, CYPB, INCY, MLNM, YHOO, EBAY, IMCL, MSFT, GSTRF, CRA, IART, SCOC, AEIS, HOOV, GLFD, MLTX, PDSE, KIDE, OPTO, SCLN, NTCT, SIEB, HANS, LCTO, AOL, KOREA, ININ, REPT, LSI, GRKA, LHSP, ALLP, CGPI, ATML, CNXT, LU, MOT, LOR, MFNX, NSM, LVLT, NOVL, NXLK, PCS, WCOM, APCC, ISIL, SNE, BONZ, GNLB, IMGN, SDIX, TTP, USON, XOMA, MNMD, CMTO, WCG, RMTR, GSLI, ENZ, ANCR, WIND, A, LCOS, RHAT, NOK, ERICY, SAWS, Q, EXAP, PHTN, ADPT, ENTU, BEAS, DLJ, DELL, NOVN, AZPN, EMCR, SAPE, RMDY, AWRE, MYPT, SNET, GNSS, ZD, MUSE, NXTL, RBAK, MANU,
Passes: VIAN, CTCH, VIGN, ARTG, WFII, JDSU, BRZE, GSPN, TNOX, TERN, SNWL, SSTI, PXLW, NRG, FDRY, ACRU, IWOV, EFNT, VITR, TUTS, NTRO, HOMS, EPNY, ASYT, PXCM, AUGT, SCNT, INKT, AMCC, SRTI, SANM, DDIC, SLAB, CIEN, INRS, SNDK, KANA, PALM, EXDS, CMRC, DITC, CMTN, SCNT, FFIV, RTHM, LNUX, COVD, MMXI, QUOT, WEBT, KEYN, JNPR, WBVN, BRKS, TGNT, NUAN, CFLO, CMOS, MWAV, AETH, FMKT, PHCM, PPRO, IBAS, TSTN, BOUT, CPTH, TIBX,
IPO only 1Q: ULCM, MCDT, SONS, SPWX,
Stage 2: EPS picture improving for four consecutive quarters We’ll use briefing.com since they take out adjustment to earnings. If data is less,four quarters, then it must be improving.
Fail: VIAN, CTCH, JDSU, GSPN, TNOX, TERN, SNWL, FDRY, EFNT, ASYT, PXCM, SCNT, AMCC, SANM, CMRC, SNDK, KANA, PALM, DITC, CMTN, SCNT, FFIV, RTHM, COVD, QUOT, WEBT, WBVN, TGNT, CFLO, CMOS, AETH, FMKT, PHCM, PPRO, IBAS, CPTH, TIBX,
Pass: VIGN, WFII, BRZE, SSTI, ACRU, IWOV, TUTS, NTRO, HOMS, ARTG, VITR, EPNY, INKT, DDIC, SLAB, CIEN, INRS, SRTI, AUGT, NRG, PLWX, EXDS, LNUX, MMXI, KEYN, JNPR, BKRS, NUAN, MWAV, TSTN, BOUT,
Stage 3: Less than a 50 insider sales in the year.
I have watched LNUX, EXDS, INKT dump since massive selling earlier this year.
Fail: VIGN, WFII, ACRU, IWOV, NTRO, HOMS, ATRG, VITR, EPNY, INKT, CIEN, EXDS, LNUX, MMXI, KEYN, BOUT,
Pass: BRZE (IPO), SSTI, TUTS, DDIC, SLAB, IRSN, SRTI, AUGT, NRG, PLWX,(ipo), JNPR, BRKS, NUAN (ipo), MWAV, TSTN,
Stage 4: P/E ratio less than y2y growth rate, if unprofitable the p/e ratio is used.
Breifing.com used for rev increase rate
BRZE (IPO), 138% rev increase, Market Capitalization $815.6M Shares Outstanding 25.2M Float 2.00M, Price/Earnings N/A Price/Sales (ttm) 9.26
Forward PE is (0.08 EPS x 4) = 0.32 = 100 for present P/E so it not overpriced
SSTI, 348% rev growth rate, 58 for P/E so good
TUTS, 319% rev growth rate, 0.04 last q earnings x 4 = 0.16, $98/0.16 is 612 present pe so fail
DDIC, 41% growth rate, 0.18 recent q earning x 4 = 0.72 or Present pe is $50 so fail although close
SLAB, 222% growth rate, 189 p/e so pass.
ISRN, 146% growth rate, present pe is 78 so pass
SRTI, 67% growth rate, 71 present pe so fail
AUGT, 149% growth rate, present pe is 65 so pass
NRG, 683% growth rate, 36 pe so pass
PLWX,(ipo), no info so will wait
JNPR, 543% growth rate, 531% present pe so barely pass
BRKS, 202% growth rate, 27 present pe so pass
NUAN (ipo), negative PE so fail
MWAV, growth rate over 200%, p/e is 65 so pass
TSTN, growth rate is 700%, pe is 149 so pass.
Stage 5: Company must be leader or second in its niche.
Stage 6: Identify if it was a momentum status.
Been a long day. The rest will be done later.
Jack |
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| To: Jack Hartmann who wrote (605) | 8/20/2000 3:47:16 AM | | From: Jack Hartmann | | | | B) Life is a BRZE
Rated a BUY
Business
BreeezeCom is a leading developer and manufacturer of wireless access products used worldwide by service providers and private enterprises. Incorporating internally developed core technologies optimized for high-speed data, most products use spread spectrum radio transmission, digital signal processing and wireless packet switching technology. BreezeCom has three product lines: BreezeACCESS for service providers in licensed and unlicensed frequency bands, BreezeNET for wireless campus networks in unlicensed bands and BreezeLINK for point-to-point T1/E1 connectivity.
BreezeCOM has over 300 employees worldwide, over 30% of which are in R&D. BreezeCOM's corporate headquarters are based in Tel-Aviv Israel, and its North and South America Headquarters located in Carlsbad, CA. The company is also present in the UK, France, Canada, Uruguay, Hong Kong, China, Russia and Romania. BreezeCOM has developed an extensive distribution network, which includes over 300 partners and distributors in more than 60 countries worldwide.
Competitors
WAVC, NTRO
News
TEL AVIV, Israel & CARLSBAD, Calif.--(BUSINESS WIRE)--July 31, 2000--
- $24.5 Million Revenues, 139% Year-Over-Year Increase
- 57% Sequential Revenue Growth
- $2.6 Million Net Income
BreezeCOM Ltd. (NASDAQ: BRZE), a leading developer and manufacturer of broadband wireless access products, today announced record revenues for the second quarter ended June 30, 2000, its first profitable quarter.
Revenues for the second quarter were $24.5 million, a 139 percent increase over revenues of $10.3 million reported in the second quarter of 1999, and a 57 percent increase over first quarter 2000 revenues of $15.6 million. Net operating income for the second quarter of 2000 was $807,000, compared with an operating loss of $(969,000) in the same period in 1999, and a loss of $(414,000) in the first quarter of 2000. The Company reported net income of $2.6 million, or $0.08 per diluted share, compared with a net loss of $(1.5 million), or $(0.14) per diluted share, in the second quarter of 1999, and a net loss of $(256,000), or $(0.01) per share, for the first quarter of 2000.
31-Jul-00 BEFORE THE OPEN
BreezeCOM (BRZE) 31 7/8: Reports Q2 earnings of $0.08 a share, $0.06 better than the First Call consensus of $0.02; revenues rose 138.5% to $24.50 mln from a year-ago of $10.27 mln;
14-Jul-00 AFTER THE CLOSE
BreezeCOM (BRZE) 46 +5 1/2: -- Update -- Company files to offer 4.3 mln shares in a secondary offering.
14-Jul-00 14:00 -- 15:00 ET
BreezeCOM (BRZE) 45 1/4 +4 3/4: Announces it expects Q2 sales of $24.5 mln vs $10.3 mln in the year-ago period; expects earnings of $2.5 mln vs a net loss of $1.5 mln; First Call estimate is $0.02 per share;
23-Mar-00 13:34 ET
Breezecom (BRZE) 40 1/2 +20 1/2: --Update-- IPO opens for trading.
Analysts and Others
Midcoast Wireless is a division of Rockland, Maine Internet Service Provider Midcoast Internet Solutions. The parent company delivers the usual dialup services as well as ISDN (although since most people who are close enough to a phone-switching office for ISDN are also close enough for ADSL, which is less expensive and many times faster, one imagines ISDN will go away).
What Midcoast Wireless is offering is, essentially, a wireless LAN on a broader scale. You put an Ethernet card in your computer, connect it to a BreezeCom radio transmitter, and that communicates with one of eight antenna or repeater broadcast sites. They're in Camden, Owl's Head, Rockport, and Union. Towns close by, like Thomaston, are also served. Monthly costs can be much less than T1 and the company claims performance similar to other broadband methods. So you get a fast connection that requires no wiring and no additional costs (phone lines, etc.). And since BreezeCom made its name developing communication systems to keep tanks in the Israeli army connected during battle, you know reliability should be acceptable.
digitalmass.com
A typical business customer sees the payback vs. a leased line in a matter of three to six months. MIS has found that most customers who think they need a T1 really only need the speed of that T1. Wireless access provides all the advantages of increased speed without having to pay the high price of dedicated service.
Using BreezeCOM’s wireless LAN technology has also enabled MIS to generate additional savings in its own operation. It has replaced several internal leased lines with wireless links, reducing its monthly phone bills by literally thousands of dollars, while at the same time increasing system reliability. MIS envisions its entire internal network will one day be wireless. The company believes it can “cut the cord” and create redundant wireless links within its network for less cost than what it is currently paying for leased lines.
comnews.com
(Article on competitor, but highlights technology)
"For outdoor shows it is wonderful [since] the alternative is to string cable, and that is not practical when you have a large audience," Muth said. Recently, for example, IcebergMedia organized a Webcast of a Red Hot Chili Peppers show from downtown Toronto. To string cable would have been time-consuming and dangerous with so many people walking around, he said.
So Muth rigged up the Internet connection for his Webcast event by positioning the wireless bridges used by the WaveRider LMS product. It is a line-of-sight solution, which means the devices have to have a clear path to communicate. But, Muth said, it takes a minute to set up and works in good weather or bad.
Like Leyva, Muth stumbled across the wireless networking option when his firm was moving to a new building and discovered it could not get other types of broadband Internet access in the new digs for at least three months. To solve that dilemma, the company connected to its previous location through LMS. It was a roundabout way to get speedy access to the Net, but it worked. As a result of his experience, Muth is constantly thinking about how he can use wireless technology to expand his business.
For Muth's vision to come true, broadband wireless-based services will have to become more widely available. But that's beginning to happen as carriers start building out their networks and wireless ISPs (Internet service providers) jump on board. One such wireless ISP, North Rock Communications Ltd., in Hamilton, Bermuda, began offering customers Internet access using the WaveRider LMS equipment out of necessity. zdnet.com.
Wireless Internet - It's A Breeze
by Dale Baker back
Everywhere you go, you hear the buzz – wireless Internet is taking the world by storm. The Europeans have been sending E-mail from their hand-held Nokia and Ericsson phones for more than a year, while Palm Pilots and Research In Motion’s (Nasdaq: RIMM) Blackberry portables are going fully interactive in the US. All the major wireless players are jumping on board.
How you can profit from the trend? Start with a little known Israeli company called BreezeCOM (Nasdaq: BRZE). BreezeCom IPO’ed on March 23 when the tech market was just starting to crumble. The drop from the high 40’s to a low under 20 didn’t win BRZE too many fans. Too bad, because BRZE is exactly the kind of small cap tech stock you want to own in today’s rebounding market. How would you like to buy a successful company for $37 per share with the potential to go up 50-100%? Would you like it even better if you knew that insiders still own 92% of the stock and mutual funds already own more than half the 2 million shares sold in the IPO?
That’s a recipe for a vertical liftoff if BRZE continues to execute. BRZE sells a variety of wireless systems like their BreezeNET line, which allows corporations to set up wireless LANs. According to IDC, BRZE already dominates the building-to-building wireless bridging market for networks with a 49% share. More important, the new BreezeACCESS family lets ISP’s offer instant wireless access to their customers. How many ISP’s worldwide will need to add wireless service in the next few years? Thousands.
A quick look at some of BreezeCOM’s customers shows how wide their appeal has become – Broadlink, CAIS Internet, Tele2 in the UK, WiBand Communications in Canada and Lina.Net in Iceland. One nationwide US ISP followed their initial $12 million order with another $6.7 million order for additional BreezeCOM equipment. An ISP owner in Connecticut had nothing but praise for the BreezeCOM equipment he is currently deploying. “It is good equipment…about the best out there for ISP’s. Every ISP I talk to that uses them, speaks very highly of not just the products, but also the BreezeCOM engineers that stand behind the product. Outstanding service.” BRZE recently introduced the MMDS (Multichannel Multipoint Distribution Services) version of its BreezeACCESS line. Users get up to 3Mbps speeds for data and voice. The MMDS line uses both Time Division Duplex (TDD) and Frequency Hopping – Code Division Multiple Access (FH-CDMA) to make the most of the available spectrum.
This is state of the art stuff. One conversation can bounce around multiple channels as the data load requires, without the user ever noticing. A recent report by the Phillips Group noted that most big companies contemplating a wireless network are insisting on VOIP (Voice Over Internet Protocol), essentially a blend of data and voice where a traditional conversation is reduced to digital packets and switched through the network like regular Internet transmissions, instead of tying up a single voice circuit for the whole conversation. The company gets mobile voice communications and data traffic on the same network. Thanks to BreezeACCESS, that is.
The system is also scalable in size and quality of service. BreezeACCESS offers Quality of Service prioritizing for voice traffic over data packets and Toll Quality Telephony based on the H.323 Voice over IP protocol. ISP’s can start small if they like, then adding premium quality services without having to revamp their whole network. OK, BRZE has terrific products and a growing list of satisfied customers. But is this company another money-losing dot.com wannabe with huge losses and no hopes of turning a profit for years? Nope. The three analysts with Strong Buy ratings on the stock project profitability this year. Last quarter, BRZE beat estimates by .03 and only lost a penny. Dig further and you find that 90% of the operating expenses (after cost of sales) were devoted to R&D and marketing. General administrative overhead was only 9% of the gross profit and 5% of gross revenues. Toss in the $4.86 per share in cash and no debt and you have a sterling balance sheet for a young tech company. First quarter sales came in at $15 million, yielding an annualized price-sales ratio of about 15 for a company that grew revenues 46% year over year and 22% sequentially. If BRZE maintains 20% sequential growth, annual revenue would come in at $80 million for a current PS ratio of only 10.
PSINet (Nasdaq: PSIX) also believes in BRZE evidenced by their direct investment in the BRZE IPO. PSIX has more than 50,000 business customers in the aerospace, finance, communications, computer data processing and related industries, government agencies and educational and research institutions, as well as other Internet service providers. Guess which wireless solutions PSIX will recommend to all those customers? BreezeACCESS and BreezeNET. CEO Michael Rothenberg noted that most of BRZE’s growth is coming from the ISP customers who contribute 50% of the company’s revenues. Overall, outdoor point-to-multipoint fixed installations make up 80% of business while wireless LANs for enterprises make up 20%. Often, CEO statements are full of hype. But there is plenty of proof to back up Rothenberg’s claims. “With our strong financial position, leading-edge technology and wide product offerings, we believe that BreezeCOM will consolidate its leadership position in the broadband wireless access market.” I couldn’t agree more. I expect BRZE to double from its current price in the next twelve months.
streetsideinvestor.com
16-Jun-00 USB Piper Jaffray Reiterated - Strong Buy
16-May-00 USB Piper Jaffray Reiterated - Strong Buy 03-May-00 USB Piper Jaffray Reiterated - Strong Buy 25-Apr-00 USB Piper Jaffray Reiterated - Strong Buy
17-Apr-00 USB Piper Jaffray Initiated - Strong Buy
17-Apr-00 11:00 -- 12:00 ET
BreezeCOM (BRZE) 23 1/8 -1 7/8: -- Update -- Dain Rauscher Wessels initiates coverage with a STRONG BUY rating and price target of $41. Breezecom Ltd. is a leader in low-cost, low frequency point to multipoint solutions. Brokerage firm initiating coverage participated in underwriting the recent IPO.
17-Apr-00 11:00 -- 12:00 ET
BreezeCOM (BRZE) 23 3/8 -1 5/8 : CIBC Wrld Mkts initiates coverage with a STRONG BUY rating and price target of $50. Brokerage firm initiating coverage participated in underwriting the recent IPO.
Numbers
Rev 12.7M to 15.6M to 24.5M Jun00 per dailystocks
EPS (0.05) to (0.01) to 0.08 per breifing.com Jun00
52-Week Low on 24-Apr-2000 $19.25
Recent Price $32.313
52-Week High on 18-July-2000 $53.125
Market Capitalization $815.6M
Shares Outstanding 25.2M
Float 2.00M
Price/Book (mrq*) 6.29
Price/Earnings N/A
Price/Sales (ttm) 9.26
Debt/Equity (mrq*) 0
Total Cash (mrq) $108.6M
Short Interest As of 10-July-2000
Shares Short 168.0K
Percent of Float 8.4%
Shares Short (Prior Month) 64.0K
Insiders
One buy and no sells, but this IPO lockup hasn’t occurred.
Institutions own 10% up from 3% the prior quarter.
Internet posts
I grow weary of talking about how much I love these last mile broarband wireless infrastrucure plays....but I do - I'm stymied that they are sitting where they are...from the recent IPO's to BRZE to the former DMIC I like them all - Honestly I haven't seen a more blatently opportune time to but a sector in ages.
The weird thing is that the Nokia and handset sell-off precipitated the sell-off on the group.....but they are completely UNRELATED - If I wasn't a short term trader, I'd buy a little of the whole group and just sit on them for a year or two. 8/16/00 on SI
First NTRO and BRZE's products do not overlap today because NTRO's products operate in the frequency bands of 10GHz and above, whilst BRZE's operate in the bands of 4GHz and below. This makes BRZE's per user cost today significantly lower so for the same revenue they have sold a lot more kit.
Secondly NTRO are only one actor not the first mover. I don't believe they have reported a real sale in Europe yet, whilst Alcatel have announced deals worth $300 mln in the last month, a high proportion of which is actually rebadged BRZE.
Third, Alcatel and I believe Ericsson have gone the BRZE route.
7/31/00 on Yahoo
anyone know why brze is valued at 1/3 the price of ntro.. ??? we have more revenue .. positive earnings.. I know a couple of fund managers have really pushed ntro. Seems odd they haven't done the same with brze.. I just bought more breeze at 34. couldnt resist.. 7/31/00 on Yahoo
Sequential revenue growth will be 66%, which translates into annualized growth of 759%.
The company has scalable model: loss of 200k on revenues of 15 mln and net income of 2.5 mln on revenues of 25 mln.
Scalable means, that earnings should grow fasted than revenues. It means that the company might as well double its net income by the next quarter.
For those who are bitching about the secondary --- need I remind you that JNPR had a secondary too. PHCM had one. FLSH had one.
the fact that insiders are selling in the seconday in the orderly manner means the following:
1. they won't be selling when lock up expires
2. underwriters have no problems placing the shares since all the secondaries are pre-subscribed.
7/30/00 on Yahoo
I've been seeing the excitement around Wi-LAN's 30 Mbps but if you take a deeper look into it you see the following:
Wi-LAN's 30 Mbps is nada, since it uses 10 MHz of band.
The thing is, wireless equipment needs to have a good spectral efficiency (i.e., bits/sec/Hz).
Wi-LAN only now introduces (and i'm not sure the product is avaliable) 30 Mbps in 10 MHz which gives 3 bits/sec/Hz.
BRZE has for more then 4 years in the market (BreezeNET) 3 Mbps in 1 MHz which gives, guess what, 3 bits/sec/Hz.
BRZE is speaking about OFDM and is probably planning a much better OFDM solution then what Wi-LAN is doing.
7/28/00 on yahoo
Secondary Priced @$35 yesterday. I don't know why it hasn't been announced. 7/28/00 on yahoo
Perhaps one of the best apples to apples comparisons can be done with WAVC.
ADAP, Wi-LAN, and many others just build part of the pieces. Breezecom and WaveRider offer complete lines of solutions to ISPs and businesses. Breezecom and WaveRider both offer LAN connectivity to the internet.
Cisco doesn't have a solution on the market yet, other than its wireless LANs, although its pushing to get some products out.
Lucent's Orinoco solution is basically a mobile type solution, where people can get internet access while roaming within a small covered area, like a university.
On earnings, nobody else preannounced that earnings would come in 400% above estimates. :)
7/27/00 on yahoo
Wi-LAN does 32 Mbps - NOW.
Breezecom does only 11Mbps..
If you are into BRZE you are buying a future consumer of WIN.TO's patented technology - end of story
7/21/00 on yahoo
Somebody please explain why current shareholders should not be extremely disappointed in the latest news regarding the follow-on offering... I'm not techinical enough to understand all the details, but it seems like it's money out of our respective pockets? 7/14/00 on RB
While Breezecom sells in this market, they outsource the hardware, as do many of the other players in the list. The article is also the result of lab testing, as opposed to real world field testing, and is specifically addressing the LAN requirement of the hardware, and the focus of BreezeCOM is in the ISP/Last Mile area. It is regrettable that they chose to not test these in real world conditions, as their results would have likely been extremely different, especially in the presense of any other DSSS hardware.
In summary, while the review is OK for the LAN segment, it has little to nothing to do with the the existing and future market for BreezeCOM. Over 1000 ISPs use BreezeCOM gear, and most of them are using the FHSS products, not the DSSS units. 7/11/00 on yahoo
BRZE sells a variety of wireless systems like their BreezeNET line, which allows corporations to set up wireless LANs. According to IDC, BRZE already dominates the building-to-building wireless bridging market for networks with a 49% share. More important, the new BreezeACCESS family lets ISP’s offer instant wireless access to their customers. How many ISP’s worldwide will need to add wireless service in the next few years? Thousands. 49% of the wireless radio building to building market. And wireless has already begun to take off like a rocket. The next two years for wireless is going to be amazing! 7/5/00 on RB
Breezecom is on fire - 23% sequential revenue growth last quarter, MAKING MONEY, an IPO that was oversubscribed by 15 times. 6/27/00 on RB
"What would keep aironet/csco from developing FHSS and stomping all over BRZE with their distribution/money/service/etc.?" Nothing, except Cisco doesn't "develop"anything anymore.
They just buy the companies that make the technology they want. So your worry should be "what do we do if Cisco decides to come along and throw money at us until we are drowning and have to beg them to please stop shoveling the cash higher and higher...". 6/26/00 on yahoo
My ISP in rural Illinois is using brze products for wireless also. If we wait for the phone company to bring us high speed it will be a very long wait! 6/22/00
I did look into Waveriders products about 6 months ago. This was before they even had their products available for sale. I understand that they are going to release something this quarter, or may have already released it. Their technology uses Direct Sequence Spread Spectrum (DSSS), whereas the new Breezecom gear uses Frequency Hopping Spread Spectrum (FHSS).
We have pretty much decided to use the FHSS gear because of its robustness in areas where their could be a lot of interference and its high level of security. 3/31/00 on SI
Chart
Two biggest day in the last three months were red, Tracks the Nasdaq fairly well. Went from $52 to $32 in two weeks of July. Very tight stack 50/200/10.
breezecom.com
Summary
A hidden gem. A profitable wireless tech company. 138% rev increase per breifing,com, 100 for present P/E so it not overpriced Small float make this difficult to hold when runups occur. Some silly knocks on owning stocks from Israel. Owned ECIL in the early 1990’s and did well. Just have to pay the foreign tax on Israel stocks. Downside is $10 and upside is $20 short term by next quarter. A must through earnings, because an upside will send it higher. Momentum players left in the tech drop in July so Monday is good as any for an entry. Better sales, marketcap, and balance sheet than for WAVC.
Jack |
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| To: Jack Hartmann who wrote (554) | 8/20/2000 10:35:13 PM | | From: Mr. Big | | | | Hey Jack! Read yours and Tokyo Jasons posts tonite and found them interesting as it brought back some fond memories of the past.
Unfortunately SI has not kept up with technology and many of those so called Gurus (http://www.siliconinvestor.com/readmsg.aspx?msgid=11768354) have graduated to bigger and better things. (Well Anthony is in jail so I guess we have all not all moved ahead).
Best wishes to all and happy trading.
Mr. Big
As for Big I'm home trading drinking a bud and watching CNBC. WASSSSUPPP! |
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