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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (7890)	6/23/1999 4:43:00 PM
From: Richard Tsang	Read Replies (1) \| Respond to of 118717

TIE - here it is - Target 50% in 3 months: Titanium Metals Corp. is a worldwide producer of titanium sponge and mill products, particularly for use in commercial and military aerospace applications. For the three months ended 3/31/99, total revenues decreased 28% to $134.5 million. Net loss totalled $3.9 million vs. income of $18.3 million. Revenues suffered from a decrease in mill product shipments and volumes, and lower demand in the aerospace and industrial markets. Losses reflect a decrease in gross profit. Closed today $10 7/16 (+ 6.4%), about 25% below book value and 46% of 52 wk high. Lots of insider buying at 12- 14 last year, no record of selling. 5 downgrades in Q4 98 but currently no brokerage covering. Recent price hike and talks about defense spending will catch attention from some houses, IMO. 16% short ratio on float of 14 mil sh, the squeeze will be fun. I think it is under accumulation here. JFL (Just for laughs) RT <g>