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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (18528)1/30/2000 1:20:00 AM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Utility stocks:

I hate sitting here talking to myself in the middle of the night, makes me feel like I need to get a life. The bride and I went to see "Eye of the Beholder"....don't waste your time and money on that one folks. Made no sense what so ever to me, or many of the people in the audience. We all came out shaking our heads.

Anyway, while looking over TE (Teco). One of their investments for 2000 was the purchase of one of CVOL's alternate energy source sites. CVOL has sold several of their sites recently and with the first parts of the payments they are retiring a lot of their convertible debt. The stock has broken out on heavy volume and coming off of a bottom. IMO and the charts CVOL has the potential of going to near 4 in the short term. Presently it is at 1 11/16...and a little overbought. Entry looks to be any pull back on low volume in the 1 3/8 area.

Sergio! John or Myron can I get an opinion on this one TA and FA wise (DD, expert about the convertibles).

Ken



To: Ken W who wrote (18528)1/30/2000 11:29:00 AM
From: Sergio H  Respond to of 29382
 
Ken, TE fits the bill as a play on the utility stock rally. TE historically sells at a discount to its peer group, but pays a higher yield.
yahoo.marketguide.com

They've bought back their shares, have several interesting projects in the works and seem on track to increase shareholder value.

TE chart is as bullish as utility sector chart:

207.61.23.98

207.61.23.98

Paper and lumber sector should turn, but the technicals are not bullish yet.

ADBL is resting on 50 day MA. No pre earnings run-up and
the stock hasn't benefitted from all of the recent alliances
that ADBL has negotiated, probably because ADBL followers have expected the developments to unfold as they have. ADBL is not expected to be profitable. Earnings report could be a non-event, but I like the stock very much. FA and TA are both fine.

Have a look at Joanie's stock, XICO. You might like it. I'll get back to you on CVOL this evening. Chart is very nice Ken.

Sergio



To: Ken W who wrote (18528)1/30/2000 1:57:00 PM
From: scouser  Respond to of 29382
 
Hi Amigos, long time no-post :-(
been really busy on local tech company stocks that have great potential, MDTV and WIZZF as great examples of of 4 digit% gains. The way I see it is ,if they are here in town I can check 'em more thoroughly.
Ken, thanks for putting me off EYPI a few months ago it went from $1.2 to .008 and now on the pinks !
There are some bargains out there on the pinks now as many companies ran out of time re filing and the SEC is sooo busy everyones time lines ran out. Great example is our good old LTGL, filed, re filed and now on the pinks waiting for the SEC to do the paper shuffle, the one MM that is allowed to buy is getting it @ .25 - daylight robery! I am still holding and buying more. Also willaims% has predicted BB's with an E not going to the pinks which means insiders buying, sounds illegal to me.
Ken, the chart on TE as I see it is it has had 5 lower highs over the past 16 months, has broken $20 support in oct, last week's high failed to break the downtrend predicted from a line drawn from oct98-dec98-nov99, this line predicted last weeks high to the pennyish.
Slow stoch,williams%,MACD all pointing down. It has bounced down off its 200 EMA 3 times in the last year, the 200EMA is now @ $21 so IMO that would be a new test.Bollinger bands confirm $21, but put the low as $18. Huge increasing red volume over last few days does not look too good.
John ( the BB king )

ps check out the volume on march $22+$25 USB calls, rumours of a buyout all over the 'net.
quote.cboe.com