[118321] in Cypherpunks
Eye Contact
daemon@ATHENA.MIT.EDU (Market-Eye Internet)
Fri Sep 24 22:32:47 1999
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From: "Market-Eye Internet" <wavelengthonline@datastreamicv.co.uk>
Date: Fri, 24 Sep 1999 20:59:17 +0100
To: "cypherpunks@toad.com" <cypherpunks@toad.com>
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WELCOME to this weeks edition of EYE CONTACT, the free
e-zine for Market-Eye Internet clients.
This week we have over £2000 of prizes on offer in our
internet survey and competition. You could win a real time
data service which is used by brokers and dealers. There
are also some goodie bags, which include bottles of win. To
enter the competition, click here (link).
We will see how the Hoxton Internet Index fared during the
last week's rollercoaster ride on the markets. All this and
a review of the markets in The View from Hoxton. Our
regulars John Piper and David Schwartz are of course there,
with our unique views of the world's stockmarkets.
Before all this though, did you know that more of you trust
the old high street banks over zappy new web companies? But
doesn't everyone always complain about the big banks? Well
apparently not. In a recent survey by Fletcher Research,
only 5% (at most) would buy insurance from a web brand
compared to at least 20% prepared to buy from a high street
bank. So we'll scrap that Market-Eye Direct insurance
service for another year then! For more information on the
Personal Finance Online survey, go to www.fletch.co.uk.
We hope you enjoy Eye Contact and let us know your thoughts
on EYE CONTACT or any Market-Eye related issue at
meiweb@datastreamicv.co.uk.
Regards
Richard Barden
Product Manager, Market-Eye.
http://www.marketeye.co.uk
CONTENTS
1. Market-Eye Internet update
2. The Market-Eye Internet survey and Competition
3. The view from Hoxton
4. John Piper - The trader's report
5. David Schwartz - A historical perspective
6. Book of the Month
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1. Market-Eye Internet Update
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There has been a lot of work at Market-Eye this week. And
if you access the Eye to Eye forum you will have
seen these. We are rewriting parts of the code for
Market-Eye, to speed things up and simplify getting
hold of the data you want. This happened with the Eye to
Eye forum, where response times are now much greater and
the menu has been simplified. Have a look at the
improvements at
* Investor service users:
http://www.marketeye.co.uk/scripts/forum/
* Premium users :
http://www.marketeye.co.uk/pscripts/forum/
ICV News, who supply the rolling company and markets news
that appears on Market-Eye and on the TOPIC3 service (the
number one UK service for professional equity traders) have
appointed a new editor. Martina Cruz Riquet has worked on
ICV news for many years and she will ensure the continuing
high standards of ICV news.
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2. Market-Eye Internet Survey and Competition
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How would you like to win your very own dealing terminal,
worth over £2000 for a year? Or if you can't get that,
maybe a bottle of wine will help you forget about the
strain of investing for a short while?
Well, all this and more is on offer in the Market-Eye
Internet survey and competition. We have 1 copy of PC
Market-Eye with Market-Eye for Windows and a free years
subscription to the London Stock Exchange and FTSE
International data as first prize and we have three Primark
Goodie bags as second prize. Please get you entries to us
by the end of Friday 1st October and we will inform the
winners by email by the end of Friday 8th October.
To take part in this and win yourself one of the prizes
above please go to
http://www.marketeye.co.uk/free/survey/
(This competition is only open to UK residents).
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3. The view from Hoxton
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By Jamie Chisholm, Senior Research Specialist at
Primark First Contact Jchisholm@datastreamicv.com
Dateline: Friday afternoon 24th September 1999.
The Postman always tips twice.
They - whoever 'they' are - do say that when the cab driver
or postman start offering you investment advice its time to
get out of the market. Similarly, some fund management
companies have a knack of choosing to promote a new sector
or nation-specific unit trust at the market peak. Well, add
'The View From Hoxton' to that list of contrary indicators.
No sooner had we decided to create the Hoxton UK Internet
Index, the tech sector was stung by comments from no less
than Steve Ballmer, president of Microsoft.
On Thursday, Ballmer stated that investors were paying
-absurd- prices for tech stocks - including Microsoft
itself. Now, I don't know about you, but if I wouldn't buy
a car from a salesman who was telling me I'd be mad to pay
the price asked. Unsurprisingly this had a somewhat adverse
affect on market sentiment. The Nasdaq Composite - home of
the techie - duly took a bath, down 108.33 points, or
3.79%. The Dow Jones Ind. Average came off 205.48, 'only'
1.95%.
This took the two main US indices, the Dow and the S&P
Composite, to the bottom of their recent trading ranges,
prompting some commentators to issue warnings of further
declines. The London FTSE 100, already underneath the
psychologically important 6,000 level, was fortunately
spared the trauma of the Dow's late fall. However, at time
of writing - just before Wall St. opens on Friday afternoon
- the FTSE 100 is off another 30 odd points at 5940 and US
futures point to another tough day.
It's all about timing.
What of the Hoxton Index? Since our last bulletin (Friday
17th December) the Hoxton has fallen from 129.53 to 114.43,
a drop of 11.6%. This was mainly because of Freeserve,
which raised eyebrows as its stock fell below the offer
price after HSBC suggested investors should sell. Rumour
suggests that some imminent dot.com issues are seeing their
valuation's pulled back.
Don't like to say I told you so...
Last week I suggested investors should watch the banking
sector for more consolidation. Good old Bank of Scotland,
today they not only bid £20.85bn for Nat West, but actually
made it look like I have an idea of what I'm talking about!
Helmets on!
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4. The Traders Report
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By John Piper.
John is taking a break this week. But if you haven't read
John Piper's idiosyncratic reports and his insight into the
mind of a trader, then you are missing out. Have a look at
a round up John's work on Market-Eye at
http://www.marketeye.co.uk/free/johnpiper/
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5. A historical perspective
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By David Schwartz.
Read David Schwartz's latest thought provoking report,
"September's Final Week: Poor Profit Prospects"
http://www.marketeye.co.uk/free/davidschwartz/fullarticle.asp?id=50
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6. Book of the Month
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INTERPRETING COMPANY REPORTS AND ACCOUNTS
** new 7th edition**
by Geoffrey Holmes & Alan Sugden
Company reports and accounts offer invaluable information
to the private investor - but how do you get at it?
Geoffrey Holmes and Alan Sugden provide you with the means
to tap into this rich vein of information. Many investors
shy away from this area of investment research, but this
book equips you to tackle this often rather daunting
subject with confidence. Written for the private investor
this is an indespensible guide to the complexities of
company reports and accounts.
Currently on offer in the Market-Eye Internet Investors
Mall at £20.24, a 25% saving on the recommended price.
http://www.global-investor.com/stores/market-eye/
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