AAPL & ACLNF Recs-FYI:
September 29, 2000: Axxel Knutson, President & Chief Investment Officer [CIO] of TradingWeapon.com in Warren, New Jersey, an OSJ* office of First Allied Securities Inc., an NASD/SIPC member, today reiterated his "Strong Buy" recommendation of A.C.L.N. Limited [ACLNF]. According to Knutson, "Given the reported full utilization of a newly acquired vessel, it is our expectation that margins will increase over the next reporting period and this furthers our belief that A.C.L.N. represents an uncommon value with high levels of cash, low multiple and very strong growth potential. Although we typically do not give price targets, we think that the potential of attacking the recent highs in the low thirties is an obvious objective and if we are correct in our expectation of upward inclining margins, an intermediate-term target of $50 appears rational and is the basis for our "Strong Buy' recommendation." TradingWeapon.com is located at 197 Mountainview Road, Warren, New Jersey 07059 TEL: 908-647-5750.
· Office of Supervisory Jurisdiction
September 29, 2000: Axxel Knutson, President & Chief Investment Officer [CIO] of TradingWeapon.com in Warren, New Jersey, an OSJ* office of First Allied Securities Inc., an NASD/SIPC member, today initiated coverage in view of the price deterioration in Apple Computer, Inc. [AAPL] with an "Accumulate" rating. According to Knutson, "Apple's profit warning, taking the street by surprise, has brought about an opportunity to purchase Apple at prices not too far off the 1998 base and we think that this [prices under $30] represents an area of value. Should we see trading at or below the $25 level, we would increase our rating to "Buy." Should we see trading at or below the $22 ½ level, we would move to a "Strong Buy" rating. We believe that Apple is far from defenseless in terms of coming to grips with a soft market." TradingWeapon.com is located at 197 Mountainview Road, Warren, New Jersey 07059 TEL: 908-647-5750.
· Office of Supervisory Jurisdiction
AXXel Knutson
www.TradingWeapon.com
axxel@blast.net
This report or comment is published solely for information purposes. It may be a part of a published research report of www.TradingWeapon.com. ["Tradingweapon.com" is the business name for AXXel Knutson, who is a Registered Principal of an independently owned office of Supervisory Jurisdiction [OSJ] with First Allied Securities, Inc. Tradingweapon.com offers all of its securities business through First Allied Securities, Inc., a member of the NASD/SIPC. Bear Stearns Securities Corp. is the clearing agent for First Allied. Securities. Inc. This is the short version of our disclaimer. Please see other comments for our larger disclaimer or email AXXel at axxel@blast.net or drop your email address at www.TradingWeapon.com for the total disclaimer and our free newsletters which contain additional information. |
