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Strategies & Market Trends : Three Amigos Stock Thread

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To: SJ - Stephen who wrote (4982)	5/21/1998 12:52:00 AM
From: Phil Jacobson	of 29382

Just had a chat session with the amigos and the first stock pick we agree on for tomorrow is IF. There will be a gap of at least a half point tomorrow, and it's necessary to look at how big the gap is, but it could easily break 7 by Friday night(closed Weds at 5 1/4). This one's especially volatile, but if the consensus becomes positive for Indonesia to get started on a recovery track (and money starts coming back in) then this stock will be a huge bargain at the current price. Additional stocks to watch (and I'll probably grab one or two) are IIT and TLK for Indonesia. Also, SOF, a stock that has had a lot of insider buying, then very large percentage gains the last two days...but on moderate volume. Something's up here...recommend Amigo Mike's strategy of buying a small position, then putting in an immediate stop to minimize losses if you can't watch it real time. Good luck! Phil

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