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TORONTO (GlobeinvestorGOLD)—Companies that supply Internet-related products and services have been through a boom-and-bust cycle in just a few short years. As the Web become a greater part of almost everyone's daily life, however, the survivors stand to benefit handsomely.
Technical analysis of two such companies shows that the tide has turned for them, and boom years may once again lie ahead. Both offer services and software that help companies do business on the Internet. Having already advanced more than 800 per cent from their rock-bottom lows, GRIC Communications Inc. (view chart) and Netegrity Inc. (view chart) should only be considered by highly speculative, risk-tolerant investors. They are definitely not for the faint of heart.
Yola Edwards is a contributing writer and technical analyst for Bell Globemedia Interactive, providing options and technical analysis research on a variety of North American equities.