Editor's note: This series by James J. Cramer and Gary B. Smith examines the first 30 dot-com companies to go public. Cramer diagnoses how each company has weathered the sector's storms, while Smith charts their progress using technical analysis. Together, they offer a thorough, if abbreviated, sketch of the dot-com pioneers. Smith's second segment on the Dirty Thirty was published Monday, as was the second part of Cramer's take on the group.
We're entering the homestretch of the Dirty Thirty, as we look at seven more today and then the final ones in my last column.
Like the previous charts I've profiled, there's not a lot to like with these stocks. However, there are a few things to learn here, and as you scroll through each one, try to answer a few important questions. Questions like: If I were long earlier this year, what would have been my signal to get out? Or: Would this chart have made a good short, instead of a good long at some point? And finally: Even if this stock is selling at a discount, why should I buy this stock, instead of stock that's remained strong and healthy?
Answer questions like those, and you will dramatically cut down on your own portfolio of Dirty Thirty stocks!
Gary B. Smith
and Silicon Valley columnist
face off at the first
conference, live in New York, June 28. The challenge: technical analysis vs. fundamental research.
"Technical Analysis rules, especially when my adversary is the pitiful Adam Lashinsky. Don't believe me? Then come watch me square off with him." -- Gary B. Smith
"Because I research *facts* about companies, I almost never agree with Gary B., who practices a form of voodoo called technical analysis. But when we get into the ring together, innocent bystanders generally enjoy themselves." --Adam Lashinsky
Surviving and Profiting in Treacherous Markets
June 28, 2000, Marriott World Trade Center, New York City
For information and registration, go to
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide Investment advice or recommendations, he welcomes your feedback at