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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (14199)	11/2/1999 7:33:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

I agree totally on TYC. Good bottom fishing opportunity. SIDEBAR: You could point the finger of "unorthodox" accounting practices at nearly any corporation. I mean who uses "orthodox" accounting practices anymore? These days, everything is EBITDA, carry-forwards and tracking stocks. . . These days stock valuation beats a good old-fashioned dividend . . . And just why is that? Why? Because shareholders no longer COMPLAIN or SELL-OFF when their company fails to announce a dividend or changes accounting procedures to keep the company in the best possible light, rather than the one that best tells the condition of the company. . .This sort of thing runs rampant in third-world countries and even though most of Europe and Asia as well. And once we let them off the hook. . .they will never go back. . . if we are lucky, once in a blue moon, a high-tech will throw us a bone and issue a dividend. . .but it is becoming a rare occasion indeed. The trend is to "increase shareholder value", but not cut the shareholders in on a slice of the wealth. It reminds me of bands that play music in clubs. When there were unions, you knew what the minimum was you would receive for your work. . .then you pushed and usually received a premium above that amount. Then the "right-to-work" states made it so that unions could no longer dictate a minimum wage. . . you could charge whatever you wanted. . higher or lower . . . but the problem was that club owners quickly realized that they no longer had to pay the minimum wages. So almost immediately musicians were getting half the money they got the last time they played in the same club. And if they didn't want the job, there were plenty of others that did. . .before long bands were playing for a percentage of the cover charge and nothing more. And today, you can go into major music cities like Los Angeles to nearly ANY nightclub and ask a musician what he was paid to entertain them. . . and you will get a disgustingly frustrated look and be shocked when they respond, "get paid? Are you kidding? We pay the club owners for the right to play in their club, to "their audience". . .every band does in L.A. . . .we need our music heard and there are 75,000 bands out here trying to get signed. . .yeah, we paid good hard-earned money to play here tonight. . . so put in a good word for us, so they will let us back in next month." Toleration leads to compromise. . .and compromise to blindness. . .and blindness to ultimate failure. Give up your crown and you will never re-gain it. Rande Is

To: DlphcOracl who wrote (14199)	11/2/1999 8:08:00 PM
From: DlphcOracl	Respond to of 57584

Bottomfishing Part 3: Harmonic Lightwaves (HLIT) and Calico Commerce (CLIC). HLIT is once again about to test its support level at 48-50, making it an extraordinary bargain. It is one of the premier plays in the fiberoptic broadband sector. Look at how JDSU, ETEK, SDLI, and OCLI have done this year and you'll know why you want to begin accumulating HLIT as it nears 50. CLIC has sold off from 62 to 52 following the end of it Quiet Period and the requisite analyst recommendations. It is a software provider in the B-2-B sector and should rebound sooner rather than later. Again, this is a nice level to begin accumulating. Bon appetit.