Sonny: Among the Med Sector stocks I like Vical Labs VICL for its technical picture and fundamentals and I like AMGN for its Leptin potential for the treatment of obesity. There is such a huge market potential for this product that I feel it could impact the stock price of Amgen dramatically.
The evidence is very compelling at this time that the greatest potential for dealing with this problem without the potential for side effects lies with the Leptin based treatment.
Btw: Just heard that Cramer's "Trading Goddess" wife has surprisingly turned bullish, (lending support to my earlier comments...)
Netmanage (NETM) also looks interesting at these levels. It is trying to base out.
My pick of the year in the small cap sector is Financial Intranet.(FNTN). The stock has a 7 month base and there has been a lot of volume and activity at these levels. Somebody asked me to comment on it technically, so if you're interested I'll post it here.
Judging by the length of the base the stock could have a lot of upside
There's around 10 million shares and based upon the News Release below which states that the company is potentially on track to generate 15 Million in revenues with 2.5 mil to the bottom line ie potentially make as much .25c per share it would appear that this issue is extremely undervalued.
What do you think? Here's the news release courtesy of Yahoo/Reuters
Monday December 29, 8:00 am Eastern Time
Company Press Release
Financial Intranet to Launch Sales Force in Seven Cities on January 1, 1998
NEW YORK--(BUSINESS WIRE)--Dec. 29, 1997--Financial Intranet Inc. (OTCBB:FNTN - news) announced today that the company will have a sales organization operational by Jan. 1, 1998 initially covering Los Angeles, Las Vegas, Denver, Atlanta, Orlando, New York and Boston.
Michael Sheppard, president and Chief Operating Officer of Financial Intranet, said the company is on track to begin generating revenues, projected to be $15 million gross, with net profits of $2.5 million during the first fiscal year.
Financial Intranet is establishing the nation's first proprietary, secured, on-demand data and video financial information network that links the brokerage and mutual fund industries together and connects both to the individual investor. Testing of the network at Beta centers is now underway and the complete network is expected to be fully operational by January/February 1998.
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Contact:
Martin E. Janis & Co. Public Relations, Chicago
Hal Schweig, 312/943-1100
Byron Wein on CNBC at this moment makeing some positive mkt comments
rgds
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