Al:
Ten stock picks for 1998 include four Year-2000 stocks and one
short that I think will lose revenue because of the "Millennium Bug":
Alydaar Software (ALYD), 15 3/4 (Y2K remediation software);
Ampex Corp (AXC), 2 3/8 (oversold; large-scale data compression/
storage); Biotechnology General (BTGC), 10 3/4 (biotechnology
company with excellent products and a very promising pipeline);
CACI (CACI), 19 13/16 (information technology outsourcing and
Y2K remediation; very attractive P/E); Cyberguard Corp (CYBG),
5 5/8 (computer information encryptation; savaged by year-end
tax-loss selling); General Magic Corp (GMGC), 1 3/8 (manufactures
"Serengeti", a communications and information service that allows
cellular contact with voice and data terminals); Heartsoft Corp
(HTSF), 3/8 (educational software directly marketed to schools);
Sapiens International (SPNSF), 7 13/16 (data migration and Y2K
services); and Topro Corp (TPRO dba TAVA Technologies), 6 1/2
(integration of factory-floor systems and Y2k services).
The short is Cisco Systems, but not at current prices. I think CSCO
will run up in the early part of 1998, perhaps to $70.00 to $75.00,
then decline sharply toward the end of the year. Presently I'm long
CSCO and plan to short at 70.
I look forward to reading other picks and the rationale behind them.
Always interested in other people's opinions. |
