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Jim -
I'm wondering why you would choose ATHM. It's up only about 33% off of
it's low from
August, and has just failed a recovery attempt. AOL is up over 50% and
still going
up, YHOO is up almost 60%, to me, these are signs of strength. I'm sure
ATHM has a
great product, but it's not acting well at all.
I think that if ATHM was going to be a leader coming out of this
correction, it
should be acting better than it is now.
Compare it to VRTS - What correction?
or AMCC - which pulled back dramatically, but has bounced back nicely.
Both of these companies are making money now, not years in the future
and they are
also acting quite well in this market.
Also the drug stocks are starting to act quite well - PFE, JNJ, SGP and
MRK.
We are coming into the strongest part of the year for the market,
November to May
is the time to be in as documented in several studies, most recently in
Barron's a
few weeks ago.
Also, next year is a presidential election year, which has been
documented as the best
time of the 4 year presidential cycle.
Anyway, I think we're going to have a wonderful rally coming up, and I
would rather be
in leaders like the stocks I mentioned than in stocks that are suffering
now.
Regards
Gary Lyben
Quotes Plus(r)
http://www.qp2.com
-----Original Message-----
From: Jim Greening [mailto:jimginva@xxxxxxxx]
Sent: Thursday, October 21, 1999 12:10 AM
To: Metastock
Subject: ATHM
ALL,
I think today gave me a good clue to the question of is the correction
over or are we starting on a bear market. Both the NASD and the NDX made
a strong bounce off the bottom of their Intermediate Term Up Trend
Channels. Also while all the other indices I watch remain in Short Term
Down Trend Channels they all also made strong up moves. It would be
premature to say that we had a market correction and its over before the
other indices break out of their down trends, but Im going to nibble
based on todays strong hint. Since the NASD and OEX are the ones in up
trends, I limited my candidates to the Internet and high tech stocks.
?xml:namespace prefix = o ns = urn:schemas-microsoft-com:office:office /
I finally narrowed my choice down to At Home Corp (ATHM). The story
here is that I just switched to a cable modem from ATHM and Jones Cable
TV and Im greatly impressed with their service. I download at 100 times
the speed of my old 56k modem and upload at twice the speed. That got me
curious and when I looked into ATHM in more detail, I found that they
are adding customers at an astonishing rate. Based on my own excitement
and pleasure with the fast Internet access, I really think this can be a
big winner. I havent got time to go into the chart tonight, but I have
posted it. Just click on the symbol below to see the chart. You will see
that it is typical of my usual picks.
See Chart at http://www.geocities.com/jimginva/
JimG
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