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Hey Jim,
Congratulations on the amzn pick....
It couldn't happen to a nicer guy.
Thanks for all your generosity.
Dick
-----Original Message-----
From: Jim Greening <jimginva@xxxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Date: Tuesday, June 09, 1998 1:23 PM
Subject: Re: Weekly Pick
>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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