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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: ynot who wrote (58209)8/28/1999 12:51:00 AM
From: red_dog  Read Replies (1) of 120523
 
Someone told me you were over playing the Hong markets with Jim Rogers, any truth to that. <g>

Here is one that may look interesting.

medscape.com

New Cancer Drug Could Propel Coulter Into Biotech's Big League
08/27/1999
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NEW YORK -(Dow Jones)- Investors looking for market advice have been well-served by listening to Prudential Securities' Ralph Acampora over the past year. He became a household name last August after he accurately predicted a 15% to 20% correction in the stock market. Soon afterward, he returned to his bullish ways, encouraging his clients to buy back into the market. Once again, he was right. Occasional hiccups and bumps aside, the Dow Jones Industrial Average continues to forge ahead, regularly breaking records.

We wondered if Acampora is as good at picking individual stocks as he is at calling the market as a whole. So we clicked onto his Web site and found that he has pounding the table for a handful of pharmaceutical companies that have recently had a little momentum in their sails.

The word momentum is a clue: Acampora doesn't base his picks on a company's fundamentals; he's a technical analyst who studies charts looking for trends. That's usually a trader's game, but since Acampora is often on to something, we decided to sift through his list of names and apply some good old-fashioned analysis to find a compelling stock. Here's what we came up with: a small biotechnology company named Coulter Pharmaceutical Inc. (CLTR).

Coulter, based in South San Francisco, develops cancer

Rg
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