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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (63)8/29/1998 8:37:00 PM
From: Dave Shares  Read Replies (4) of 43080
 
Weekend Analysis (I'm the one who probably needs analysis)

Some stocks to look at. I have scanned these with
not a lot of fundamentals, but if my database is
right, they have a reasonable P/E, a market cap of
over $500 million, a price of between $8 - $50, and
still have support (price is above the 200 dma)

I did some simple ranking, which probably doesn't mean
much, but it is there anyway. You can ignore the rank
and look at them as a group.

I'm sure that anyone who is looking around and doing
any analysis has figured out that the safe haven in the
current storm seems to be utility stocks. With low
interest and oil prices, this should come as no surprise.

I have listed at the bottom some stocks that I scanned
that would appear to have been safe havens, and may
continue to be. Gee, why didn't I pick them when I was
looking for steady stocks six weeks ago. Well, live and
learn.

I'll follow this list for a while and see how it performs.

David

TECHNICAL RANK 1

AT ALLTEL CORP 45.688
BUD ANHEUSER BUSCH COS INC 48.500
CTL CENTURY TEL ENTERPRISES INC 47.000
GD GENERAL DYNAMICS CORP 46.438
GLH GALLAHER GROUP PLC ADR SPONSORED 24.125
LUV SOUTHWEST AIRLS CO 19.500
NWL NEWELL CO 49.312
PVT PROVIDENT COS INC 36.625
TOL TOLL BROS INC 28.250

TECHNICAL RANK 2

CTX CENTEX CORP 39.375
UMG MEDIAONE GROUP INC 45.375
VCELA VANGUARD CELLULAR SYS INC CL A 19.625

TECHNICAL RANK 3

BOCB BUFFETS INC 13.875
BPOP POPULAR INC 30.688
CHB CHAMPION ENTERPRISES INC 25.188
DORL DORAL FINL CORP 16.125
F FORD MTR CO DEL 47.688
JLG JLG INDS INC 16.125
KIM KIMCO RLTY CORP 37.438
TCOMA TELE COMMUNICATIONS INC 34.938

TECHNICAL RANK 4

BCF BURLINGTON COAT FACTORY WHSE 22.125
BDY BINDLEY WESTN INDS INC 28.188
FAF FIRST AMERN FINL CORP CALIF 28.000
MHK MOHAWK INDS INC 28.625
RPC ROBERTS PHARMACEUTICAL CORP 17.750
WPSN WESTPOINT STEVENS INC 30.625

SAFE HAVENS (PRIMARILY UTILITIES)

BSE BEC ENERGY 39.688
CMS CMS ENERGY CORP 43.375
CPL CAROLINA PWR & LT CO 42.750
DTE DTE ENERGY CO 42.688
ED CONSOLIDATED EDISON INC 47.812
MTP MONTANA PWR CO 40.312
NVP NEVADA PWR CO 24.750
OGE OGE ENERGY CORP 27.562
PCG PG&E CORP 32.875
PEG PUBLIC SVC ENTERPRISES 36.375
PPL P P & L RES INC 24.000
SBC SBC COMMUNICATIONS INC 39.625
SCG SCANA CORP 30.625
SO SOUTHERN CO 27.688
TE TECO ENERGY INC 26.812
TXU TEXAS UTILS CO 44.000
WR WESTERN RES INC 40.188
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