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Gary,
I'll be the first to admit, that I was probably unduly influenced by my
experience with their cable modem after years of frustration with slow
telephone modem access to the internet. I couldn't help but thinking that
if I was that impressed others would be also and their business should boom.
Maybe I went too far to the fundamental side <G>. From strictly looking at
the charts, I should have gone into AOL or AMZN. In fact, I'm watching them
closely right now looking for a better reward/risk entry point (closer to
the bottom of the channel). In the long run, if we do get the Nov/Dec move
I think we will get, stock selection probably won't matter all that much.
Time will tell.
JimG
----- Original Message -----
From: Gary <Gary@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, October 21, 1999 8:21 PM
Subject: RE: ATHM
> 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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