Net Stock Weakness Continues

Topping our list is Active Assets & Associates (AAA - CDNX), up 40.00% for the week. This online liquidator of excess industrial assets has been climbing steadily since Feb. 21 when it traded at just $0.80. It topped a dollar the next day and hasn't looked back since. The company is global in scope and announced on Mar. 23rd that it is in the final stages of creating the largest business-to-business on-line industrial exchange in Latin America.

Second on our list is Stratos Global Corporation (SGB - TSE), with a 31.61% jump in stock price. Stratos offers wireless IP, data, and voice solutions to clients in remote locations through an extensive array of satellite services including Internet service provider StratosNet. The company's focus is on mobile communications and serves government, military and business clients as well as individual consumers. On March 14th the company acquired the assets of Datacom Inc. of Lafayette, Louisiana. The company is 65% owned by Maritime telephone giant Aliant Inc..

The stock has been followed by Danny Deadlock at Investor Expo since December when the stock traded at $3.55. Patrick Bloomfield in The National Post recently compared the stock favorably to Galaxy Online, which has had a bigger stock runup. This despite the fact that Stratos "is already making money from its array of services to land, marine and aeronautical customers. In the year ended Dec. 31, it pushed up operating income to $1.16 a share from 47¢ and earnings to 27¢ a share from 4¢." Investors are now figuring out the difference between substance and dreams as Stratos continues to make double digit gains for a second consecutive week while Galaxy Online slumps for a second week.

Number three on the list this week is Cognos Inc. (CSN - TSE). This international Enterprise Business Intelligence software developer maintains 60 offices in 18 countries worldwide. The company issued a flurry of announcements this week including strategic alliances with ABT Corporation and J.D. Edwards. Cognos also announced the creation of the first of its Centers of Excellence to provide customized services for business. The stock, which also trades on the NASDAQ as COGN, was up 27.64% for the week.

Manitoba based broadcaster Moffat Communications (MOF - TSE) was fourth on the list with a 23.59% increase. Founded in 1949 with one radio station, Moffat has grown to include the most popular television station in Manitoba, three cable companies in the United States, and the Videon cable network which operates in Alberta, Manitoba and Northern Ontario. All of the cable companies also provide cable Internet access. The company jumped on the general buzz surrounding the cable industry in the wake of competing bids by Rogers Communications and Quebecor to take over Le Groupe Videotron of Quebec.

And fifth on the list is Internet gambling company Las Vegas from Home.com (LVH - CDNX), up 22.49% for the week. The former Bronx Minerals changed directions as an Internet upstart in July 1999. The company, which trades on the OTC BB as LVFHF, made no new announcements to account for the price increase.

Stratos Global Corporation is, in fact, the only stock on our list into a second consecutive week of double digit gains. But there is a long list of companies into multi-week losses.

Sixteen are into a second week of double digit losses: Carbiz.com, Mobile Computing Corporation, USA Video, Technovision Systems, Sierra Systems Group, itemus Inc., Kazakhstan Minerals, Image Power, gearunlimited.com, Infowave Software, NSI Communications, eStation.com Inc., Applied Terravision, EcomPark Inc., Patchgear.com Inc., and Galaxy Online.

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