Dateline: 03/20/00
| Canadian Internet Index | Index | Software | E-business | E-commerce |
| Mar. 10, 2000 | 2318.5 | 2179.6 | 2295.1 | 2449.2 |
| Mar. 17, 2000 | 2011.8 | 1829.1 | 2072.7* | 2027.2# |
* without BCE Emergis - 2580.5*
# without
TD Waterhouse - 4119.0#
The tech markets took a licking and stopped ticking last week. They started a comeback on Thursday, but it wasn't enough to overcome the losses early in the week. And it's reflected in our Movers & Shakers Report where 62 of the 74 on the list were double digit losers. And our Internet Index, seen in the box above, is down over 300 points for the week.
How bad was it? The Financial Post published a short table Thursday showing the declines for some popular tech stocks from their peaks to Wednesday's closing. Ezenet was down 52%, BCE Emergis - 47%, Infowave Software - 41%, Research in Motion - 38%, 724 Solutions - 34%, Unique Broadband Systems - 56%, Wi-Lan - 29% and Sierra Wireless - 41%. All hit those peaks on Mar. 2nd except Wi-Lan (Mar. 1), Unique Broadband (Feb. 17) and Sierra Wireless (Feb. 29).
Does this mark a major reversal and a move back to blue chip old economy stocks? Not necessarily. The economy is still looking good. Profits are rising. The high tech sector is still growing. Next week will be interesting for sure.
Meanwhile, read on for this week's Movers & Shakers Report!
We added a lot of new stocks to our monitored list this week including three moved up from the Penny Stock List. The total of stocks watched for our Movers & Shakers Report is now 155. The debacle in the high tech market last week is evident in the our report. Almost half of the list had double digit moves last week - 74 in all, but only 12 were advancers. 62 were decliners. And of those 12 advancers, the largest gain was only 22.22%. To see the Movers & Shakers as a pop-up chart, click the button. To see it as a separate page with the discussion on the same page, click here.
We've put up the new numbers for our Internet Index. You'll also find the complete weekly and YTD changes for all the stocks on our Movers & Shakers Master List. You'll also find new additions to our Penny List.
Canadian
Internet Index
Canadian Internet
Penny Stock List
Yankee Stock
List
Billion Dollar
Babies
Movers &
Shakers Master List
This week we profile Diversinet. We also link to addition from our Penny Stock List, iWave.com, which we profiled in August and have now updated.
Comments? Suggestions? Why not post them on our Bulletin Board or email me.
E-mail me!
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03/17/00 - Ending
Date Bias
Our monthly Mutaul Fund Report looks at how
terrific current year returns can skew the long term performance
numbers of high flying funds.
03/13/00 - Fear of
Heights
A lookback at our Movers & Shakers Reports from January shows
that the stocks topping our lists tended to go higher.
03/09/00 - N is
for News!
Part three in our CANSLIM series looks at the correlation between
news and stock prices. In particular we focus on how stocks
hitting new highs tend to go higher.
03/06/00 - Big
Deals = Big Price Increaes
When a small company signs a major deal with a mega-corporation,
its stock ofyen soars as was the case with the top two stocks in
our Movers & Shakers Report.
03/02/00 -
The Election Year Cycle
We look at the Election Year Cycle - the theory that says stocks
generally do better during Presidential election years. Is there
a basis in fact?
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