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Gold/Mining/Energy : UFAB - oil drilling deck fabrication

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To: Michael Berkel who wrote (65)9/25/1997 6:23:00 PM
From: JOHN CHEN   of 337
 
Michael- I just my intution plus my technical software to guide me.

I have had great success this year with APEX and PWAV.

I got nailed on ACCL but I believe in what I bought and I NEVER sell at a loss.

I know I waited long enough, it would come back up. Sure, ACCL shot back to 11 briefly and that's when I sold the stock. Instead losing 50K, I ended up making a profit.

I recently have great success with PTUS, ADIC, SMCI and GEOC.

I have been accumulating AEHR at the recent dips for quite sometime. Even the stock has tumbled lately from high of 25, its technical shows strong buying power and a few days ago both RSI and MACD lines hit bottom. When a stock has strong buy signal and RSI and MACD are at 0, this is a perfect buy point-meaning stock will have to bounce from this point onward.

I had no idea AEHR would release earning today after hour-it's pure luck. AEHR advanced 2 points today on heavy block trades-I did not know why...now I know those fund managers already anticipated good earning from AEHR ( 12 cents beats 10 cents estimate ). I expect AEHR to shoot up at the opening.

I have bought GPSI in and out several times and always made money. But I missed out on their earning today because I forgot when they made earnin annoucement. I could shoot myself because I remember GPSI CEO said a month ago that he is extremely comfortable with current estimate. Shot up big today...I could shoot myself for being forgettable.

I have very high hope for UFAB because I believe UFAB will become WALL STREET's new darling. UFAB is a $50 stock at least-I am not going to sell it no matter what till it hits $50 which I believe will be right around the times it makes earning annoucement and analysts coverages.

The whole oil sector is on fire and you can expect great earnings this quarter and next quarter.

Check up SMCI-oil/gas software company. This one is getting heavy buying power lately and I consider SMCI still undervalued.

I am also hot on RFMD. Even though this quarter is going to be slightly disappointed, I believe it's fundementals are incredible. Even with reduced earning, all anaylsts still keep the stock as strong buy. I see the curren weakness as a great buying opportunity.

Finally, get ready for a blow out quarter when PWAV annouces earning. It will blow everyone away as I understand that their current backlog is piling up like a mountain of pies. Expect to see another record cash reserves and record shareholder equity. Expect PWAV to do something with their huge cash pool-paying dividend or acquiring someone else. However, expect to see their earning to be released around mid-nite or one o'lock in the morning. PWAV has the strangest release time I have ever known and a terrible investor relation department. For the first two public earnings, nobody knew they released their earning because it was so early in the morning and did not get picked up on several wire services.

As I look back, I can tell you that the best IPO of this year is PWAV just because it is a well-managed company with superior products and no cent of the money raised through IPO went to pay debt cause they don't have any to begin with.
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