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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: bluejeans who wrote (22591)	9/29/1999 12:10:00 PM
From: Redhook	Respond to of 43080

The opposite of a diver >>>>> AMZN now over 78

To: bluejeans who wrote (22591)	9/29/1999 12:10:00 PM
From: HandsOn	Read Replies (2) \| Respond to of 43080

No mention of new IPO PF yet on CNBC, only 3.5 float and trades on Amex.

To: bluejeans who wrote (22591)	9/29/1999 12:42:00 PM
From: Susan Saline	Respond to of 43080

am familiar with and have traded in the past this AVP ... appears just a tad oversold on a 25% haircut Avon (AVP: news, msgs) shares dived 9 11/16 to 26. PaineWebber Analyst Andrew Shore downgraded the company to "neutral" from "attractive." He also cut his earnings estimates for the fourth quarter to 56 cents from 62 cents. For fiscal 2000, Shore cut profit expectations to $1.85 from $1.95. Separately, Donaldson, Lufkin and Jenrette also downgraded Avon to "market perform" from "buy." On Wednesday, Avon warned Wall Street that although it would meet third-quarter estimates, its fourth quarter will fall short of expectations by 7 cents. The company believes the last quarter should yield earnings per share of 56 cents. The fourth quarter is a critical period for Avon, since it produces 40 percent of the year's business. December accounts for half of the quarter's sales. Charles Perrin, Avon chairman and chief executive, said the company now expects a 2 percent increase in sales for the last quarter compared to 5 percent previously. The shortfall will hurt profits, Avon said. Part of the sales weakness comes from Mexico and Brazil, where consumers face economic pressures and currency volatility, Perrin said. U.S. sales for the fourth quarter also declined. The company expects domestic business to rise in the low single digits instead of the previously hoped 5 percent. Avon will accelerate its stock buyback program for this year and 2000. The company still has $700 million available in the current repurchase plan, but expects to be more a more aggressive buyer.