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Strategies & Market Trends : News Links and Chart Links

SPXL 227.57

+0.7%

Dec 11 4:00 PM EST

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To: Softechie who wrote (4231)	12/20/2002 2:56:46 PM
From: Softechie	of 29602

10 S&P Plays (less than $5) Even after its big run from the Oct. 10 lows, the S&P 500 index still has 22 stocks priced at less than $5. If you think that the market has the potential to rock again for a week or more following its early-December correction, consider going into the end of the year with the same successful posture that I recommended for speculators in mid-October: Buy an evenly weighted basket of 10 of the lowest-priced, cheapest, most heavily shorted S&P 500 stocks that had the worst performance year to date. The 14 recommended on Oct. 17 went up an average of 85% over the subsequent two months, led by 100%-plus gains in Solectron SLR , Sprint PCS PCS , AES Corp. AES and Lucent Technologies LU . If you want fewer, focus on the ones with dividends, as there seems to be a move afoot to cover shorts of dividend-paying stocks in anticipation of potential new tax treatment in the next session of Congress. Here are the 10 this week. Please note that this is a speculation based on a big investors' habit of quickly "equitizing" their cash by buying exchange-traded funds representing the S&P 500 -- not a determination that these 10 merit a long-term hold. 10 S&P Stocks Under $5 Company 12/16 close 2002 YTD % Short interest ratio Price/sales ratio Avaya (AV) $2.93 -75.6 17 0.22 Sprint PCS (PCS) 4.85 -79.5 13 0.82 Qwest Communications (Q) 4.42 -69.7 10 0.40 Gateway (GTW) 3.20 -60.3 10 0.24 Lucent Technologies (LU) 1.41 -77.8 8 0.41 Calpine (CPN) 3.44 -79.3 8 0.17 AES Corp. (AES) 3.40 -80.1 8 0.19 Corning (GLW) 3.90 -57.8 7 1.20 Solectron (SLR) 3.72 -67.5 6 0.25 Mirant (MIR) 1.75 -88.4 6 0.03 Source: MSN Money

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