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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (18526)1/29/2000 10:41:00 PM
From: Ken W  Read Replies (1) of 29382
 
Okay Sergio,

You have mentioned Utility stocks, which is my clue to begin screening and charting and reading about utility stocks. You also mentioned Lumber and Paper, but I will deal with those later tomorrow. Here is a utility stock, which you have already, no doubt found. TE

52 week high 24ish low 18ish..pretty tight.
Had some news on the the 24th about increased earnings in 2000 due to investments.
Trailing PE of 14...not too bad for a utility stock.

I agree with you that some money will come out of the .com, tech, biotech for a while and the safe place to be is utility and basic materials (paper, lumber) but once that party is over and the interest rate thing is settled it will be back to the races in the oversold tech, .com areas.

ADBL reports on Mon. (sell the news?)
ABTL reported on Fri. they sold the news, but ended the day flat after the gap to 13. That stock looks pretty well bottomed out and they beat estimates, plus they are going to get a good deal of exposure on the super bowl.
GTNR is once again ready for a climb back to 14...The break under 13 was on miserable volume.

Back to TE for a second...I'll do a little fuzzy line reading and be back.

Ken
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