China Internet Play is a Super 7
12/27/2002 12:00 am EST
Kevin Kennedy seeks what he calls "Super 7 Stocks" which meet the following criteria: 1) relative strength of 97 or high-low ratio of 4 to 1; 2) a price less than 20 or more than 50; 3) a float of 10 million shares or less; 4) a new listing on one of his screens since the last buy signal; 5) a new high in the previous two weeks; 6) 3x previous day volume and up in price day in past two weeks; 7) and a breakout out of a base of 4 weeks or longer in the past two weeks. Here's his latest Super 7 Stock.
"NetEase.com (NTES NASDAQ) is a leading China-based Internet technology company that pioneered the development of applications, services, and other technologies for the Internet in China. The NetEase Web sites, operated by a company affiliate, organize and provide access to 18 content channels through distribution arrangements with more than 100 international and domestic content providers. In addition, the NetEase Web sites offer a variety of products and services, including Instant Messaging, Dating, Love, Alumni, and Personal Home Pages.
"The sites also offer online interactive community services through 1,800 community forums. At the end of September 2002, the number of simultaneous chat room participants reached 55,476 during peak hours, and the number of registered users of the NetEase Web sites reached 80.7 million. The average number of daily pageviews was over 308 million in September 2002. NetEase also offers online multi-player games, short messaging, and e-mail services, as well as auction and online mall technology services that provide opportunities for e-commerce and traditional businesses to establish an online e-commerce presence on the NetEase Web sites."