Choppy Markets and Stock Plays: A Week in Review, September 1999

Strategic Insights -

Investors in Technical Traders Report (TTR) made significant gains in the stocks they played, with some moving as much as 34.8% in a single week. Jon Johnson, Chief Market Strategist, highlighted Phone.com as a notable performer, rising 47.25 for the week, while CNET and DoubleClick also showed impressive gains. On the short side, Motorola and Hewlett-Packard were notable movers.

Key Takeaways:

  • Phone.com (NASDAQ: PHCM) rose 47.25 for the week, a 34.8% move, as predicted by the September 19 TTR.
  • CNET (NASDAQ: CNET) increased $13.13 for the week, a 34% move, after being alerted by the 9-19 TTR to sell back to a trendline.
  • Other TTR movers included DoubleClick (NASDAQ: DCLK), Yahoo (NASDAQ: YHOO), and Broadvision (NASDAQ: BVSN).
  • Investors in Motorola (NYSE: MOT) and Hewlett-Packard (NYSE: HWP) saw their stocks fall.
  • Several companies announced stock splits, including Sun Microsystems (NASDAQ: SUNW), Optical Coating Laboratory (NASDAQ: OCLI), and NTL (NASDAQ: NTL).
  • InvestmentHouse.com offers 6 covered call tables and closely watches stocks being acquired by institutional managers.

Statistics:

  • Phone.com (NASDAQ: PHCM) gained 47.25, a 34.8% move, from September 19 to September 25, 1999.
  • CNET (NASDAQ: CNET) increased $13.13, a 34% move, from September 19 to September 25, 1999.
  • The most detailed stock split calendar available can be found on the website of Worden Technical Services.
  • InvestmentHouse.com offers its subscribers a wide range of easy-to-use, value-added institutional after hours market news, information, and analysis.

Sources:

  • Business Wire, "Technical Traders Report (TTR) Members See Big Moves This Week" (September 25, 1999)
  • InvestmentHouse.com, various market news and analysis reports (no date provided)