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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (4407)	6/28/1999 12:02:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

AMFM up $1!! Closed out SPY short at the open this morning for a gain of 0.08% after commissions!! Hey, a profit is a profit. I'm looking to reenter once the market commits. We are seeing a solid technical bounce today which may set up a double top, projecting serious trouble going into the summer. Have nearly $1 profit on the ATHM short...but will cover soon for fear of a rally. AOL is now trading at intraday lows, and again: expect a strong rally if it hits upper 90's... TC.

To: Dr. Stoxx who wrote (4407)	6/28/1999 1:38:00 PM
From: John Brickman	Read Replies (1) \| Respond to of 39683

Thomas: Here's a few ideas you might want to consider. On the long side: MRCY and BXH. Mercury is looking extremely strong, both technically and fundamentally. Boxhill is looking very good technically. They recently signed a licensing agreement with MRCY to distribute Mercury's Sanergy shared storage software. Also, BXH is taking over ARTE on a .4 to 1 stock swap effective August 2. Based on current prices, you can get into BXH at about 7% discount by buying ARTE. On the short side, look at LAMR. I have shorted this several times in the 38 to 40 range and made money. Fundamentally, this stock looks terrible to me. They recently agreed to purchase AMFM's billboard business for $700 million cash and something over 22 million shares. Their long term debt will be $1.6 billion and AMFM will have about 22% of outstanding shares. If you look at balance sheet, you will see intangible assets double stockholders equity. The only thing they seem to have going for them is strong sponsorship in term of broker recs and institutional holdings. If you look at these, let me know what you think. JB