To: Mike E. who wrote (625) | 8/23/2000 3:32:09 PM | From: Jack Hartmann | | | Mike, As we float along these last two weeks, I am stopping any trades at around 10%. I think this Nasdaq triangle has to be broken to give us some direction. Jack |
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To: Jack Hartmann who started this subject | 8/23/2000 10:50:49 PM | From: Jack Hartmann | | | Portfolio up 1.29%, Dow up 0.05%, Nasdaq up 1.33%, S&P500 up 0.52%, Gilder up 1.4%, Meisler up 1.9%, J-Blimps up 2.1%, Fuel cells/Alt energy up 0.9%
NYSE Volume: 864 mln...Adv: 1287...Dec: 1496 Nasdaq Volume: 1.45 mln...Adv: 1950...Dec: 2003
Put/Call ratio 0.49 (Range 0.67 to 0.49) bearish in the morning.
Sector Watch Dow Transprt ($TRAN) 2735.35 -87.73 -3.11%. AMR and other led the index down. Higher fuel cost concerns are the culprit. Closed below the bullish 50/200 stack. Not good. ABF ALEX AMR BNI CNF CSX DAL FDX GMT JBHT NSC NWAC ROAD R LUV UAL UNP USFC U YELL are the index.
Energy (XLE) 33.25 +0.85 +2.62% All companies were green. API posted lowest levels of inventory since 1976. Sector well past 50/200 day EMA stack and setting another record today. XOM RD CHV SLB TX ENE HAL WMB COC.B CGP P EPG RIG BHI UCL BR APC MRO OXY APA KMG AHC CG TOS RDC SUN ASH MDR are the sector.
Airlines ($XAL) 155.22 -5.02 -3.13% Airlines getting hit with mechanics refusal to work overtime. Dumping down on the charts. Halfway between 50 and 200 day EMA. Higher fuel costs are a problem.
S&P Transprt ($TRX) 606.74 -22.36 -3.55% same as the DOW.
Internet ($IIX) 537.91 +13.52 +2.58% Closed above the bearish 200/50 day stack. DOT ($DOT) 790.94 +25.16 +3.29%. About to approach the 50 day EMA. Still well below the 200 EMA Semis ($SOX) 1157.00 +32.81 +2.92% Still above 50/200 averages. Good move by all three of the tech indexs.
Natural Gas ($XNG) 222.47 +6.40 +2.96% Oil ($XOI) 538.57 +15.28 +2.92% Oil Services ($OSX) 136.97 +4.50 +3.40% All the energy related stocks were up.
Portfolio Watch BRZE up 4.70% BreezeCOM Gets $4.8M Equipment Purchase From Wireless Co GT down 4.07%. No news. MET up 3.91%. New52wkHI. Insurance sector was down as a whole. KEM up 5.98%. End of options and this is moving up. PTEN up 5.98%. Natural gas flier. New52wkHI.
Other stocks WFII add to the telecosm today. Up 14%. Second correct pick.
LNUX reported earnings after the bell. Reported Q4 loss of $0.10 a share, $0.05 better than the First Call consensus of ($0.15); revenues rose 547% to $50.7 mln. Good numbers, but not yet profitable while competitors SUNW, DELL, and IBM are.
ISIL rose 13.89%. Intersil Becomes the Lead Strategic Investor in Bluetooth Leader Silicon Wave . I am missing why it jumped this high off the news.
ACPW rose 9.90% Speculation that it rose on new IPO OIIM’s coat tails.
Long day so report not as detailed.
Jack |
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To: Jack Hartmann who wrote (627) | 8/23/2000 11:19:04 PM | From: Mike E. | | | ISIL rose 13.89%. Intersil Becomes the Lead Strategic Investor in Bluetooth Leader Silicon Wave . I am missing why it jumped this high off the news.
Are you familiar with Bluetooth, Jack?
Quite the standards org. with the big boys (Intel, Ericsson, Nokia, IBM among others) that is supposed to set standards for wireless networks. I.e., you get in your car and your personal communicator (ex-cell phone) will immediately "interact" with your car. By just having the cell phone in proximity of your car you can now operate it with steering wheel controls, hands free, voice activated, dash board display of stored telephone numbers + names, etc, etc...
You walk within a certain proximity of a store and your personal communicator (ex-Palm VII) connects with the wireless network and displays only sales or specials that would interest you (based on your preferences which you set or it learned over time).
You'd have to sit for hours to just think of a fraction of the possibilities, IMO. I am also of the opinion that this type of technology will rapidly enter our lives whether we like it or not (and I like it!).
Forgive me if you're already familiar with it, but I find the whole thing so fascinating that I ramble on whenever given the chance...
Mike
networkcomputing.com
intel.com
zdnet.co.uk |
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To: Mike E. who wrote (628) | 8/24/2000 9:14:51 AM | From: Jack Hartmann | | | Mike, ISIL has been on the IEEE stnadrd committee for next generation of wireless. Maybe the PR was there to get new investors. Jack |
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To: Jack Hartmann who wrote (622) | 8/24/2000 9:25:51 AM | From: Dale Baker | | | Hi Jack - you earned some brownie points by reprinting my BRZE article so I thought I would mention that NRG is one of my top holdings now with an average around 19. This is a baby ENE or AES in the making, with tons of upside in the current energy climate in the US.
Keep up the good work. |
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To: Dale Baker who wrote (630) | 8/24/2000 11:58:13 AM | From: Jack Hartmann | | | Dale, thanks for the comment. The concerns that I had with NRG were that NS has 95% of the stock. The potential dumping of stock like TRW did to RFMD can limit the upside. The second is assessing the growth in revenues for the future. I am not sure why it won't track the utitilies sector in general. Jack |
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To: Jack Hartmann who wrote (632) | 8/24/2000 12:05:29 PM | From: Dale Baker | | | I am waiting for NRG to hit 30 then I may cash out, at least part of the position. But it looks like a good play the rest of this year. |
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