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Strategies & Market Trends : 50% Gains Investing

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To: Skeeter Bug who wrote (248)	11/15/1997 2:51:00 AM
From: Dale Baker	Read Replies (3) of 118717

I meant to ask you yesterday why TRPS earnings seem to be seasonal every year. This is where my knowing nothing about biotechs puts me at a big disadvantage. This was not the great week for BNGO which we expected, though the selling in reaction to "ordinary" earnings (only up more than 100% from last year) was way overdone. I still expect BNGO to reach $15 in the first half of 1998, provided new acquisitions this quarter and last all work out. Who mentioned ATLPA on the thread earlier? Looking at possible new long positions, it's the brightest spark I have come across. All the TA indicators point to a turnaround after recent selling and they are on track for .60 earnings this FY and more growth later. I will probably try to get some Monday since I was stopped out of TMBS on Friday. I'd like to get back into TMBS again, but only when it has stabilized. This does not seem like a good market for small caps at the moment. The big cap techs, which were slammed in October, lead the pack on Friday in a bounceback. I still hold only QNTM and a bit of HWP and IBM. The tech sector could turn again on a dime with bad news somewhere. The institutions will nail the big caps then in a flash. For short picks, watch CDRD on Monday (though I'm told shares were not available to short late Friday). They didn't announce enough consent from convertible preferred holders to meet their Friday deadline, so up to 9 million shares could start coming into the market. CDRD only has about a 4 million float. CDRD could drop a lot in the very near future unless they find another rabbit to pull out of their hat. Also shorted MICCF. It closed up on two late buys but the TA is all negative. I would cover at 40 if there is a sustained move upward. Otherwise I plan to ride this one down a long way. The Street is not happy with obscure companies that lose lots of money. How did everyone else do? Still sleeping off the hangovers from drowning your sorrows? Post some thoughts and ideas and we can all get to work trying to figure this market out.

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