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So goes January, so goes the year…. Have you heard this one before? We generally don’t believe in these types of things - just because the market was up on the third Thursday of the third month of the third moon of Venus, doesn’t make us think it will happen again this year. But the January Barometer is something else! It may be the closest thing to a ``Sure Thing'' on Wall Street that there is. The market could be in for another up year, because January 1999 ended with gains. Apparently there have been only three errors in 48 years, gird up your loins and prepare for the 4th year in a row of super gains" according to The Bull Market Report.Our two indices have beaten the market averages hands-down. It was the Brazilian market index which came quite close to us.
Index Name Return for January 1999
EMC Canadian 3 Index 28%
EMC American 5 index 64%
TSE 300 index 3.8%
Dow Jones 1.9%
NASDAQ 14.3%
Bovespa (Brazil) 20.5%
Certicom enables secure transactions on GSM handsets
At the AIC conference in Stockholm, on January 26, 1999, Certicom (CIC) and Newcom Technologies Pty Ltd, a leading mobile commerce enabler and promoter of patented Two-Slot GSM Smart Phone technology entered into a licensing agreement allowing the creation and delivery of wireless and transaction-based products with built-in applications using Certicom's security technology running on Newcom's Funge(TM) Open Platform. Under the terms of the agreement, Newcom will license Certicom's Security Builder toolkit to embed Certicom's elliptic curve cryptography (ECC) technology inside the Funge platform, which will ensure maximum speed, privacy, and authentication over a wireless GSM network.http://biz.yahoo.com/prnews/990126/certicom_n_1.html
Forbes Medi-Tech (FMI) obtains $15M financing through private financing
On Jan. 25, 1999-- Forbes Medi-Tech Inc. (VSE:FMI ) announced that it has reached an agreement with Loewen, Ondaatje, McCutcheon Limited to act as agent (the ``Agent''), to place by way of private placement up to 1,000,000 special warrants, at a price of $15.00 per Warrant, for total gross proceeds of up to $15
million. The interesting part about these warrants was that FMI undertook to file a prospectus in British Columbia and Ontario to qualify the issuance of the securities upon exercise of the Warrants http://biz.yahoo.com/bw/990125/forbes_med_1.htmlThe "EMC Canadian 3 Index" at Friday, Jan 29 1999 at 4pm
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1 January 1999 portfolio - Canadian companies |
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|
Company |
Ticker |
Exchange |
Paid |
This week's |
Yr todate |
Ytd Chg |
Latest Info |
|
Change |
Change |
Chg % |
|||||
|
Cryptologic Inc |
CRY |
TSE |
12.30 |
(0.05) |
2.65 |
22% |
Basic Info |
|
Certicom Inc |
CIC |
TSE |
14.85 |
(1.50) |
4.15 |
28% |
Basic Info |
|
Forbes Medi-Tech |
FMI |
TSE |
12.00 |
- |
4.00 |
33% |
Basic Info |
|
39.15 |
(1.55) |
10.80 |
28% |
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The "EMC American 5 Index" at Friday, Jan 29 1999 at 4pm
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1 January 1999 portfolio - US Picks |
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|
Company |
Ticker |
Exchange |
Paid |
This week's |
Yr todate |
Ytd Chg |
Latest Info |
|
Change |
Change |
Chg % |
|||||
|
Custom Tracks |
CUST |
NASDAQ |
10.69 |
(1.38) |
(2.07) |
-19% |
Basic Info |
|
Financialweb.com |
FWEB |
OTC:BB |
9.75 |
(0.50) |
12.25 |
126% |
Basic Info |
|
Freerealtime.com |
FRTI |
OTC:BB |
5.75 |
(1.24) |
3.63 |
63% |
Basic Info |
|
iSleuth.com |
SLEU |
OTC:BB |
4.25 |
2.26 |
4.13 |
97% |
Basic Info |
|
Starnet Communications |
SNMM |
OTC:BB |
1.44 |
0.34 |
2.59 |
180% |
Basic Info |
|
31.88 |
(0.52) |
20.53 |
64% |
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