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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mad2 who wrote (13590)7/9/2000 12:14:29 PM
From: RockyBalboa  Read Replies (2) of 18998
 
Here is a flying turd (uh...):

Scholastic (Nasdaq: SCHL), $63. Based on the ongoing Potter hype I expect it quickly to take out the March high ($68) first and then at least reach the 1996 highs, $78... nice channel...stock is rising on modest volume.

and SCHL has respectable fundamentals. Some debt; but if the trend continues (2nd quarter was way better than the 2nd in 1999....) then the bottom line could improve dramatically.

As always: No recommendation to buy, sell or sell short securities...Author's position may change without further notice...
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