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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (28786)	8/31/2000 12:53:40 AM
From: Lee Lichterman III	Read Replies (1) of 42787

Clockwork Orange, wow, what a flick, so good that you hate to watch it!! About as disturbing as Trainspoting. I know you have good luck with these issues and now have some cushion but I just don't understand why it is up except the brainless mania Mo Mo crowd chasing anything with fiber optic in it's description. Look at this profile from Yahoo on it... Financial Summary WJ Communications, Inc. designs, develops and manufactures broadband communications products for current and next generation fiber optic, broadband cable and wireless communications networks. For the 26 weeks ended 6/30/00, sales fell 5% to $44.7 million. Net loss from continuing operations totaled $25.4 million vs. an income of $4 million. Results reflect the completion of a contract to build fixed wireless products and $35.5 million in recapitalization merger expenses. biz.yahoo.com If it wasn't in fiber and was in some old stodgy fuddy duddy sector it would be trading for a PE of 6 and still no one would want it. <ggg> This is why I think we need one more good correction to take the last of the money from the Mo Mo guys. Of course, who knows when we will get it. I am getting some sell signals tonight but not enough to cause concern. I wish SFA would make up it's mind. I keep thinking I missed it then it pulls back again. Same with a few others. A lot of head fakes too with flags breaking to the norm but then falling back after a few days ( UTX, MMM, TYC etc ) Need to go and get the charts updated. Good Luck, Lee

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