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

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To: Chris who wrote (1746)6/17/1997 11:28:00 AM
From: David Alan Cook   of 42787
 
Chris,
MTEL . . PACC . . .GEOI Update:

1) MTEL bucking the down trend today. Stock is Up on good volume (over 500,000 shares traded) Bear Stearns raised its rating on the 12th from neutral to attractive. 9 other analysts follow this company. Looking for some more upgrades. Heavy insider buying early in the year. . improving fundamentals ( no earnings yet ). Chart looking better. Needs to close above $14

2) PACC will report earnings by the 2nd week in July. I am expecting a great qtr. Trend has been positive. ( .13 / .25 / .35 and my estimate of .45 for the next qtr versus a loss of .01 ) Assets under mgt continue to hit new records, mutual fund inflows are up ( about 18 billion last month ) and the finance sector is reported as the number one group in IBD's Groups with the greatest number of stocks making new highs.

3) GEOI will report results of its next well in early July (1 July)
Company reported that they had hit " pay dirt " in their recently completed well. GEOI has a 100% ownership in this well. Will have another well started in July. Last Dec, the stock made a huge run to new highs when it announced the results of its H3 66% ownership well. Stock is cheap on a fundamental basis . . Sells at $3.50 Ask.

DC
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