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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (7107)	8/13/1999 5:53:00 PM
From: LzzrdKing	Read Replies (2) \| Respond to of 7396

I know EXAR, it is very nice Not a bad day here BRCD ACTM-you could see this coming CPCI-reversal day CORL JAKK-strong vol MGIC-big break, just getting discovered, has the linux connection to RHAT and solid fundys PLPT-I like this chart UNFY-vol picking up ALKS-break- big vol BRCM-vol lite RBAK JNPR CNXT CMTN CPWM The moves on the horsemen <RBAK JNPR BRCD CMTN> were astonishing. All had good vol SFP continues ugly, lower volume. I dont think it goes much lower. Stock is very cheap here, I just think an institution is getting out. Bought a couple semi stocks I like MKSI @ 19 3/4 and ASTX @ 21. Both have good #s.

To: kendall harmon who wrote (7107)	8/14/1999 10:14:00 PM
From: kendall harmon	Respond to of 7396

FLC showing overhead resistance at 12 3/4, looking for a move through there soon. Excerpts from a recent Prudential Report We Are Upgrading R&B Falcon To Strong Buy/SBI, Convinced That The Company Has Cured Its Financial Woes And Is Well Positioned For Recovery. In our opinion, R&B Falcon has successfully overcome its most serious operating obstacle of 1999--a looming shortfall of cash that has been averted through the company's completion of $1.7 billion of new financings since December which have left the company with over $650 million in cash on its balance sheet as of June 30, 1999. Furthermore, the company is poised to add another $350 million in liquidity with the completion of two project financings that are scheduled to be finalized within the next month. Since R&B Falcon Clearly Now Has Enough Cash To Meet Its Obligations Going forward, we believe the company has more than enough cash resources to complete the remaining $900 million of shipyard investments it has committed to spending over the next 18 months. In fact, we estimate that R&B Falcon will be able to spend roughly $550 million on its shipyard projects during the second half of 1999 and still finish the year with roughly $700 million in cash on its balance sheet. Likewise, we believe the company can spend approximately $400 million to complete its shipyard project in 2000 and still retain over $450 million in cash at the end of 2000 even if the company does not complete any of the $300 million in non-core asset sales it is pursuing. We believe the company will complete at least $200 million of these sales over the next 18 months, leaving the company with $650 million in cash at the end of 2000. Investors Can Now Focus On The Massive Upside Operational Potential That Should Emerge Over The Next Two Years. R&B Falcon's financial woes over the past year have been caused by shipyard cost overruns and contract cancellations associated with the attempted expansion of its deepwater drilling fleet. While many of these projects failed to meet expectations, the big surprises appear to be behind the company now, and the rewards of the investments, muted as they are, still lay ahead. In fact, we estimate that roughly $275 million in annual operating income will be added with the deployment of just six deepwater rigs over the next two years. We also estimate deepwater drilling operating income will increase by roughly $115 million in 2001 over 2000 as a result of a full year's utilization of just three rigs which are to be delivered in 2000.