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Stan,
You're on the list now. AMZN.GIF attached.
Jim
-----Original Message-----
From: Stan Rubenstein <stansan@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, June 09, 1998 12:02 AM
Subject: Re: Weekly Pick
>Jim, I'n not sure if I'm on the "chart e-mail list"
>although I've been on the RT list for a year but
>please send me the AMZN.GIF.
>I have used AMZN and found their service excellent.
>P/E and other ratios are incredible, worse than
>what NSCP had in its glory days after IPO so
>caution is advised. I've put on a small position
>with a long term outlook.
>
>Stan Rubenstein
>
>----------
>> From: Jim Greening <jimginva@xxxxxxxxxxxxx>
>> To: Metastock <metastock@xxxxxxxxxxxxx>
>> Subject: Weekly Pick
>> Date: Saturday, June 06, 1998 9:09 PM
>>
>> All,
>> Another interesting week! I opened my U.S. Air position
Monday,
>> but was stopped out of my IFMX stock and my MADGF LEAP call
positions
>> so am almost 80% cash. Right now I only have MER and U stock
>> positions and LEAP calls on CPQ. I looked at the indices long and
>> hard, but didn't see any reason to change my strategy. I'll
continue
>> to ease back into long positions at only one new position for week.
>> I'll concentrate on
>> larger cap, market leaders for now. This week I'm going to add a
>> little spice to my portfolio by moving into the more volatile
internet
>> group, but will pick a stock that actually has some revenues, is
the
>> leader in its niche, and has a good reward/risk ratio. After a lot
of
>> looking, I chose Amazon (AMZN).
>> AMZN split 2 for 1 last week and closed Friday at 44 1/4. It
is
>> in an Intermediate Term Up Trend Channel (ITUTC) with the top at 59
>> 1/8 and the bottom at 41 3/8. It has been in an intermediate and
long
>> term up trend every since it became public and had enough data to
>> establish those trends. AMZN went public in May97, moved sideways
for
>> a couple of months then began its climb to the top of the ITUTC and
an
>> all time high of 49.9375 on 4/14/98. From there it moved mostly
>> sideways, but also slightly down to the bottom of the ITUTC on
>> 5/27/98. It bounced up on good volume and then paralleled the
bottom
>> of the ITUTC to it's Friday close. The Tema PDI-MDI are still
>> negative, but are moving up from a negative peak. The other
>> directional movement indicators also look like a short term up move
is
>> due. This is a high risk, volatile concept stock with extremely
large
>> revenue increases, but no real earnings yet. The fundamentals
aren't
>> as good as I'd like with the Price/Sales at 9.1, and the
Debt/Equity
>> at 3.9, but this is offset by the 88% insider ownership and over
800%
>> annual revenue growth. I'm going to open a position at the open
>> Monday. I'll set the initial target just under the top of the
ITUTC
>> at 59 and the stop just under the bottom of the ITUTC at 40 3/4
which
>> will give a good reward/risk ratio of over 4.
>> I'll send a AMZN.GIF chart to everyone on the chart email
list.
>> If you aren't on the list and want on, just yell.
>>
>> Jim
>>
>>
>>
>>
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