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Strategies & Market Trends : APMP (formerly APM)

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To: tom pope who wrote (10744)4/18/1998 2:45:00 PM
From: Richard Haugland  Read Replies (1) of 13456
 
***1 stock 1 week*** TECH long at open Mondcay.

Techne (TECH) reports its earnings on Tuesday. I look for good numbers because it is in the same general industry (research reagents) as my company, which is having a tremendous year. One or two sales last Wednesday of 15,000 shares sent the stock, which trades <40,000 shares a day on average, from 19 to 17 1/4 after it hit $20+ on Tuesday and after a sustained rise of six weeks. I bought some at 17 5/8 and sold it a few minutes later at 18 3/4. It closed the week at 18 3/8 but with low volume Friday.

207.95.154.130

I look for recovery to >$22 by Friday if the company meets earnings estimates (18 or 19 cents per share).

wsrn.com

The other stock of mine that I like for this week is OCAD, which reports earnings Thursday. I feel that the analysts have overlooked the earnings it will get from its acquisition of Microsim early in the quarter (there will be a special charge for this, however). Its revenues should nearly double and Microsim was quite profitable last quarter.

I could repeat my choice of MLIN again this week after it descended but one of my previous back-to-back choice (JBIL) was a real bust and SOLLY was a 50:50 choice before completely exploding. Once burned ...
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