ynot,
I need to think about your list, before I can make a suggestion for
only one stock long or short.
PMCS can only grow at a maximum of 50 percent due to a shortage of
experienced personnal. NT is on a row and is an under appreciated
telecom play due to its Canadian hertiage.
Alternative suggestions:
Undervalued telecom plays: ALA, DY
Long/Short: CYMI, RMBS, PHTN
I will try to get back to you later in the week.
*********************************
Other thoughts
MARKET INDICES FROM AROUND THE WORLD
FRIDAY, SEPTEMBER 3, 1999
CLOSE CHANGE DAILY WTD MTD YTD
INDEX
UNITED STATES MARKETS
DOW JONES 11078 235* 2.2% -0.1% 2% 21%
NASDAQ 2843 108 4.0% 3.0% 4% 30%
S&P 500 1357 38 2.9% 0.7% 3% 10%
RUSSELL 2000 434 7 1.6% 0.4% 2% 3%
GOLDMAN SACHS TECH 426 27 6.8% 0.8% 7% N/A
30 YR TREASURY BONDS 6.02%, down 12 basis points +4bp -4bp +92bp
$$$$$ HEARD ON THE STREET - SAFEGUARD WAY UNDERVALUED
COMMENT: The firm has been around since 1953. Their first big hit
was Novell and has focused on Information Technology since the early
1980s,when they started nurturing companies and spinning them off in
rights offerings. Cambridge Technology and Sanchez Computer have been
home runs. And now it has just offered Internet Capital Group (ICGE),
which came out at $12 and is now $83, a month later. It has pieces of
11 public companies and about 30 privates ones. It appears that the
public firms are worth about $60 a share but Safeguard Scientifics
(SFE) trades for $68. So you're getting all of its private companies
for $8. If the Dow is heading to 12,000 by end of year, we can see
Safeguard Scientifics at $100 and $150 as the Dow crosses 13,000.
We're not blowing smoke here. There are times when things are WAY
undervalued on Wall Street and here is one of those situations. Not
convinced? Set your buy stops and buy a few shares if, and only if,
it goes up.
Juniper's (JNPR 193 1/4 -5 3/8) inability to rally on such a strong
session could suggest that fast money finding a new home... Monitor
situation closely, because if momentum traders are moving on it will
spell big trouble for all the recent high-flying Net backbone stocks.
Xilinx Inc. (XLNX 74 3/4 +4) Morgan Stanley Dean Witter expects
company to to meet or beat expectations due to strong European demand
in August... Maintained "strong buy" rating... Firm also maintained
its outperform rating on Altera (ALTR 50 1/2 +4 7/16) noting that its
earnings are also tracking at or above expectations.
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