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Chart of the Day for MONDAY 04-12-04
INSP
(http://infospace.com/)
InfoSpace, Inc. develops and delivers a wireless and Internet platform of
software and application services to a range of customers that span each of
its wireline, merchant and wireless business units. Many of the Company's
products and application services are offered to its customers, which, in
turn, offer these products and application services to their customers as
their own solutions. InfoSpace provides its services across multiple
platforms, including personal computers (PCs) and non-PC devices. In the
wireline business, it delivers its services throughout its own sites, as
well as to Web portals and to broadband service providers. In the merchant
business, it has offered its products and services to Verizon Information
Services, merchant aggregators, merchant banks, financial institutions and
independent sales organizations. In the wireless business, it delivers its
products and application services to wireless carriers and other consumer
service companies. For the fiscal year ended 12/31/03, revenues rose 18% to
$160.1 million. Net loss before accounting change fell 95% to $6.3M. Results
reflect growth in the number of paid searches, greater revenue per search
and lower personnel, amortization and impairment costs. The company has made
money the last two quarters, with explosive earnings growth. They are set
to report earnings April 28.
In case you were wondering what kind of stocks we day trade in the
Paltalk.com rooms, this would be one fine young example. The “character” of
INSP lately would best be described as “explosive move, consolidation,
explosive move, consolidation…..” The last explosive move had a substantial
gap and a massive volume surge, what with an upgrade and YHOO’s earnings
results “spurring” confidence in net ads. The boneheads at the major
brokerage firms got caught flat-footed by downgrading stocks like YHOO just
before these explosive events last week. We gave extensive coverage in the
Swing Report 15 months ago to the first major buy signal in net
stocks since the bubble trouble in the year 2000. The internet changes
everything, and we wrote EXTENSIVELY about it at that time. We have had
EBAY and YHOO on the Swing List for over a year, and they have done very
nice, thank you very much! If only the “experts” could come to terms with
the fact that the internet is “fairly” important. See this “Swing
Trading” link for Q&A about our market methodology and trading
philosophy for further information about how we approach the market. Paying
members get the early bird signals on these power movers, plus a weekly
wrap/voice class in Paltalk on Friday.
Market comments.
Two of the top performing sectors from the week before last were again the
same, and those were IIX (Internet) +3.9% (see comments above) and SOX
+3.3%. NWX also held up well and was +2.5% for the week (5 day period,
which includes the Friday from the week before). As we have been stating
for weeks in the Swing List Review section (of the Swing Report) XXXX
(medical stock) has the “makings” of a multi-year hold for huge gains
(already +77% in 3 1/2 months). If you snooze (procrastinate), you loose.
And if you get in late, you have the potential of losing huge amounts of
money with a poorly timed entry, because they love to “knock down the
leaders.” There are several strong stocks in the Internet area (IIX) that
had a strong finish to the week (last week), and the REALLY good ones are
already in the Swing List and have been for a long time, EBAY and YHOO for
over a year. WEBX is another internet stock we have had on the Swing List
for over 3 months that finished real strong. This stock is up 62%, and we
held through the first quarter of 2004, a quarter that was not very kind to
the tech-heavy Nasdaq, which we affectionately re-named the Nazdog!
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