AboveTrade.com Named 'Best of the Web' on Forbes Magazine List Leading Investment Strategy Site Recognized for Easy-to-Use System.Business Editors/High-Tech Writers SAN MATEO, Calif.--(BUSINESS WIRE)--March 19, 2000 AboveTrade.com, a leading online provider of free stock analysis tools and investment strategy technology, announced today its inclusion on the Forbes magazine "Best of the Web" list for Summer 2000. In its latest "Best of the Web" issue, Forbes.com highlights 300 top websites selected from 2,000 entries in 36 different consumer categories. AboveTrade is distinguished for its "easy-to-understand technical analysis system," and its back-testing capability, which allows users to select effective stock strategies for thousands of U.S. stocks. "Our inclusion on Forbes.com's 'Best of the Web' list validates why nearly 60,000 individual investors have become loyal AboveTrade members since we launched the site in December 1999," said Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Chan Chiu. "With the proliferation of investment information available online, our personalized and unbiased investment advice and easy-to-use stock-analysis technology offers a powerful solution to investors." AboveTrade's technology employs an analytical methodology called trend following which identifies emerging statistical trends and upward or downward momentum in a stock's price. The objective analysis tools are easy to use and allow users to create custom trade strategies according to their preferences. A unique back testing back testing Using historical data to determine the relationship of specific variables. For example, a researcher might use historical data to determine if changes in the money supply have influenced changes in stock prices. feature enables users to validate a strategy's effectiveness, and easy-to-read charts show a strategy's historical buy and sell signals and simulated performance. For example, the top-performing one-year strategy for Cisco (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer , news, msgs) has returned nearly double what a buy-and-hold strategy Buy-and-hold strategy A passive investment strategy with no active buying and selling of stocks from the time the portfolio is created until the end of the investment horizon. Opposite of active strategy. would have returned. Similarly, leading strategies for America Online (Nasdaq:AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , news, msgs), Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade , news, msgs), Lucent Technologies (NYSE NYSE See: New York Stock Exchange :LU, news, msgs), Dell (Nasdaq:DELL, news, msgs) and Yahoo (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) , news, msgs) have all returned significantly more than buy and hold for the previous year. $5000 Prize Offered in AboveTrade Game AboveTrade is currently running an Investor's Challenge Game on its site with cash prizes totaling over $9,000. The free game offers investors a chance to win up to $5000 by building custom trade strategies around a $50,000 fantasy portfolio using AboveTrade's stock strategy tools. Registration for the game ends on May 31st. The game runs through July 3, 2000. About AboveTrade.com Launched in December 1999, AboveTrade.com (http://www.abovetrade.com) has rapidly become one of the Internet's leading financial services sites. The company provides statistical-modeling technology that offers daily analyses of thousands of U.S. securities. Users can build customizable trade strategies for specific stocks, leverage strategies developed by other members and receive email alerts whenever stocks listed in their portfolios need attention. AboveTrade also provides its content and analysis tools to several strategic partners, including SINA.com (Nasdaq:SINA, news, msgs) and CyBerCorp, which was recently acquired by Charles Schwab (NYSE:SCH SCH School SCH Schedule SCH Search SCH Semester Credit Hours SCH Santander Central Hispano (bank in Spain) SCH Socket Head SCH Synchronization Channel SCH Succinylcholine SCH Space Center Houston , news, msgs). For more information, please visit http://www.abovetrade.com or e-mail: info@abovetrade.com. For more information about the Forbes.com "Best of the Web" list, please visit http://www.forbesbest.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion