"Stocks To Watch" Friday, August 23, 2002
Disclaimer
"Stocks To Watch" are some of our favorite choices for the current market
with most having established trading ranges. We try to work with-in
the trading range and feel this group of stocks are active
stocks and are worth taking a closer look.
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Friday, August 23, 2002
The prices below are the closing prices on the last trading day
of each week and are compared to the closing price the week before.
Closing prices on Friday 8/23/02
Advanced Micro Devices (AMD), now at $9.67 up from $9.93 last week. There is much room for growth in this number 2 processor manufacturer but a recent announcement telling us the quarter will be worse than expected could bring the stock down to under the $7 level. "Hold" here with entry best under $7.
Borland (BORL), now at $10.45, up from $9.77 last week. Nice company to own. Entry when under $7 might be the thing to do.
Cisco Systems (CSCO), now at $14.45, flat from $14.45 last week. The stock is quite active and tends to move up or down with the markets. "Hold" here with entry OK under $12, but a strong sell off in the markets could bring under $10.
3 Com Corporation (COMS), now at $5.05, up from $4.90 last week. The best buy was under $4, but the stock climbed quick and strong to the 6 1/2 level before backing off again, but only to just under $5. I am moving the entry level to just under 4.25. Strong cash (about $1.4 billion). "Hold" here with best entry closer to $4!
Dell Computer (DELL), now at $27.85, up from $27.53 last week. In under $23 is a better entry level due to the high PE on DELL. Entry when under $23 should work fine for the long term investor. Short term should wait until under $20.
EnXnet, Inc. (EXNT), now at $0.39, up from $0.30 last week. Low priced stocks offer a higher degree of risk but EXNT might just be worth the chance. Nice product offering a possible strong future The higher risk investor might want to look hard right here for a possible strong return. Call the company at 918.592.0015.
Fonar Corp. (FONR), now at $1.33, off from $1.48 last week. "Hold" here with entry best when under $1.25.
Intel Corporation (INTC), now at $17.96, up from $18.75 last week. Entry when under $17 should work fine for the longer term investor, buy strong selling in the markets could bring under $16. Closing PUTS here might also be the thing to do!
Interland Inc. (INLD) (formerly Micron Electronics (MUEI)), now at $2.75, off from $2.92 last week, is no longer in the PC business. The move to web hosting has been completed. The stock has become much more active now that things have changed hands. Hold here with best entry under $1 1/8!
Novell (NOVL), now at $2.77, up from $1.73 last week. Our newest "Special Situation" stock made a decent move this past week on better than expected earnings. It is hard to believe this stock fell under $2, but since it did we could see it again. The problem is trading under book value makes it hard to bet on anything lower. A favorite 'low risk vs high reward' stock. Hold here with best entry on pull backs of 20 percent, or currently on anything under 2 1/4!
Qualcomm (QCOM), now at $29.48, up from $29.09 last week. A very popular stock with a strong future. "Hold" here with entry best under $26.
Sharper Image (SHRP), now at $17.19, off from $17.49 last week. "Hold" here with entry on anything under $10. SHRP has made a strong move this year. Continue to hold here and continue to hold the PUTS!
Symantec Corp. (SYMC), now at $31.57, off from $32.93 last week. SYMC is the king of programs to help our computers run better and the leader in computer virus protection. The stock is one to own and has a current trading range from $30 to $35, with support at $30. "Hold" here with best entry under to $30!
TetraTech (TTEK), now at $9.35, off from $9.60 last week. Nice growing company and a nice industry. The stock rallied from about $18 to $24 after Sept. 11, but turned down and has been backing until leveling a bit 9 weeks ago, but fell hard again a few weeks back before recovering some in the last few of weeks. A strong market could easily bring over $20 again. Entry best when under $9, but if the markets sell off hard we could see closer to $8!
Universal Compression Holdings, Inc. (UCO), now at $18.30, up from $17.32 last week. Nice growing company with a low PE and trading under book. Our latest "Closer Look" stock holds promise for higher ground ahead. Entry here while under book value might be the better bet.
Zila Inc. (ZILA), now at $1.72, up from $1.699 last week. Entry OK anytime under $0.80. Zila was on the slow boat to who knows where. The stock had been falling for about 5 weeks, but turned back and jumped over the last three weeks. If the company ever gets FDA approval on its oral cancer diagnostic product it will jump fast. "Hold" here with best entry under $0.80.
AT&T (T), now at $12.22, up from $10.45 last week. Entry should be okay when under $10, but AT&T announced a 1 for 5 reverse stock split and the stock could fall after the reverse. AT&T just broke away from AOL and investors liked the move. Short termers should wait until after the split.
Shop for the bargains in the secondary stocks for potentially bigger profits. Many of the smaller stocks offer a great chance at bigger profits. Looking here might be the place to be. Smaller stocks will move around on their own merits and not so much due to the changing economic situations.
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