TO: ALL
Subject: AOXY/Analystgroup Gives Strong Buy Signal!
Date: Mon, 08 Nov 1999 15:38:12 PST
From: investor-list <editor@analystgroup.com>
To: List Member <badassjake@hotmail.com> Save Addresses
Subject: Daily Update
Date: 8 Nov 1999 22:40:26 -0000
investor-list - analystgroup.com
******Undervalued Dog****** Volume 4, No. 229, November 8, 1999
analystgroup.com
A Leading Provider of Micro-Cap Stock Newsletters
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Daily Market Review
* The NASDAQ Composite once again exhibited remarkable resiliency after stumbling out of the gate on Microsoft-related concerns, the index quickly picked itself, brushed itself off, and confidently resumed its march into record territory. The technology-laden Composite booked its seventh straight record with an impressive 42 point gain. The intra-day recovery proved a bit more taxing for blue-chip issues than for their younger, jet-setting counterparts on the NASDAQ Composite. Though a bit slower on the rebound, the Dow Jones Industrial Average managed to turn in a strong final hour of the day to close with a rise of 14.4.
As a result, the Dow closed up 14.4 points, or 0.1% to 10718.9. The
NASDAQ Composite Index rose 41.7 points, 1.3%, to 3143.9. The S&P 500
Index advanced 6.8 points, or 0.5%, to 1377.01. Small ones gained some
ground as well, as the Russell 2000 Index of small-cap stocks put up 2.7 points, or 0.6%, to 445.07, while the MicroCap 1000 Index screamed up 20.07 points, or 1.67%, to 1222.65, leading all major indexes.
The Treasury market turned in a modestly weaker session amid position consolidation ahead of a steady supply of new debt this week. Bond
traders also remained cognizant of several key pieces of economic data
scheduled for release later this week, including the October PPI report on Wednesday and the 3Q Productivity report on Friday. The 30-year Treasury Bond slipped 6/32 to 100 29/32, lifting the yield to 6.06%.
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Daily Stock Review
ADVANCED OXYGEN TECHNOLOGIES INC. (OTC BB: AOXY): The stock lost 20% to close at $0.10 with a heavy volume as over 2.8 million shares were changed hands. The stock appeared to meet some strong resistance at $0.13 to $0.14 in the eand retreated to the current, as some profit-taking was going on here. The stock has been heavily traded in the past several weeks. We believe we have a tremendous turnaround situation here. The upcoming earning report should reflect the substantial progress of that the company has been making in the past several months. As the stock is traded grossly undervalued, the stock is rated "strong buy" at this current level.
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