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Dick,
Thanks for the kind words. Hope we are starting a trend <G>.
Jim
-----Original Message-----
From: Dick <dick@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, June 11, 1998 8:56 PM
Subject: Re: Weekly Pick
>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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