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Day Traders On-line subscribers bring in big profits on Broadcast.com Inc. with gains of as much as 45 percent.


MONTEREY, Calif.--(BUSINESS WIRE)--Sept. 23, 1998-- Subscribers to Day Traders On-line (http://www.daytraders.com), one of the Internet's most popular day trading and financial websites, brought in tremendous short term gains on Broadcast.com, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:BCST BCST Broadcast
BCST Bachelor of Computer Science and Technology
BCST Battle Command and Staff Training
BCST Biodynamic Craniosacral Therapist
) Tuesday.

Members of the site's Trading Desk (a real time news and stock alert service which is provided to subscribers via the web) scored big Tuesday while playing the stock of Broadcast.com, Inc., an Internet related stock, which was called a buy at $35 a share on September 21st. The stock was called a buy pre-market, as well as at the open, and as it started to heat up, members started to cash in. By Tuesday, members saw the stock of Broadcast.com, Inc. climb to as high as 51.125 for a one day gain of over 16 points or a percentage based return of as much as 45 percent!

But don't get the idea Day Traders On-line only plays the Internet stocks. In fact, Senior market editor, Ray Johns, said recently, "While it's true we hit big on some of the Internet stocks... we must also stress that it can be a very volatile group of stocks to trade; many of which we feel are being bid up to what may be rather lofty levels near term." Johns continued, "In our basic service, which we e-mail to members each morning, we also try to focus on a somewhat more conservative group of stocks for members that wish to maintain a slightly lower risk portfolio of stocks. Our goal in the morning report is to produce from 2.5 to 5 percent returns per trade with what we call "positional trading". This means we may hold a stock from one day to several weeks time. In fact, over the last few months we have played quite a wide range of stocks using this method that your typical 'Day Trader' might not even consider for trading.

These include, for example:

Compaq Computer Corp (NYSE NYSE

See: New York Stock Exchange
:CPQ) Teradyne, Inc. (NYSE:TER) Sunbeam Corp (NYSE:SOC) Callaway Golf (NYSE:ELY) Dell Computer (NASDAQ:DELL) Intel (NASDAQ:INTC INTC Intel (NASDAQ symbol)
INTC Intercept
INTC Interrupt Controller
) 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
) Worldcom Inc. (NASDAQ:WCOM WCOM MCI/Worldcom (stock symbol)
WCOM Windows Component Object Model
WCOM Wireless Communication
) Yahoo (NASDAQ:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) 3COM Corp (NASDAQ:COMS COMS 3Com Corporation (stock symbol)
COMS Certified Orientation and Mobility Specialist
COMS Continuous Opacity Monitoring Systems
COMS City of Manchester Stadium (UK) 
) Bristol-Myers (NYSE:BMY) Dallas Semiconductor (NYSE:DS) Gateway (NASDAQ:GTW) Brylane (NYSE:BYL) Home Depot (NYSE:HD) HBO Hyperbaric oxygen therapy (HBO)
A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber.

Mentioned in: Ozone Therapy
 & Company (NASDAQ:HBOC) Amazon.com (NASDAQ:AMZN) Cisco Systems (NASDAQ:CSCO) Pfizer (NYSE:PFE) Schering-Plough (NYSE:SGP) Lucent Technologies (NYSE:LU) Time Warner (NYSE:TWX) Boeing (NYSE:BA) Harley Davidson (NYSE:HDI) Quantum Corp (NASDAQ:QNTM) 3M (NYSE:MMM MMM Myeloid metaplasia with myelofibrosis, see there ) Gillette (NYSE:G) Wal-Mart Stores, Inc. (NYSE:WMT) America Online (NYSE:AOL) Motorola, Inc. (NYSE:MOT) General Electric Company (NYSE:GE) Tellabs, Inc. (NASDAQ:TLAB) US Airways Group US Airways Group Inc. NYSE: LCC is the Tempe, Arizona-based airline holding company that operates US Airways, US Airways Express and America West Airlines. It also operates additional companies that provide associated services.  Inc. (NYSE:U) AMR Corporation (NYSE:AMR) Delta Airlines (NYSE:DAL) UAL Corp (NYSE:UAL)

and while many of these stocks may not return the spectacular gains possible with a stock such as a Broadcast.com, Inc., we are certainly happy with the compounded gains we achieve each week and throughout the year." Johns also stated, on a more cautious note, "Teaching members how to reduce risk in this market is just as important as making profits. In fact, I would say more so. The bull run we've seen over the last several years has been fantastic, but with Asia's economic concerns looming in the background and earnings season still ahead of us, we never forget to remind members to use caution when undertaking even what we consider to be 'lower risk' short term investing."

Day Traders On-line (www.daytraders.com) is an on-line financial service that concentrates on short term trading and investing in both stocks and options. Employing fundamental as well as technical analysis across a proprietary screening system of stocks, mixed with over 30 years of trading and investing experience in the markets, Day Traders On-line and their staff have proven that they can provide their members with a nightly report and intraday alerts that yield exceptional results while reducing risk to reward ratio when buying and day trading stocks.

For further information about Day Traders On-line or to take advantage of their no risk, two week free trial offer of both their short term investment newsletter and real time Internet based trading site, please visit them on the Internet at their web site located at: http://www.daytraders.com or send e-mail to: info@daytraders.com.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 23, 1998
Words:733
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