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Non-Tech : Doc Stone's Bierstube und Trading Room -- Ignore unavailable to you. Want to Upgrade?

To: W.F. Schwertley who wrote (629)	3/7/2000 10:13:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 638

We are all going to die and go to Hell! Seriously, I am not optimistic. The "old rules" have not been suspended. If you look at the market as a whole and ignore the crazy high flyers, you will see that the vast majority of stocks are not fighting the Fed. They are obeying in keeping with classcial stock trading theory. The A/D, the news highs and low lists, the utilities, the transportaiotn, all are obeying classical laws of gravity. There is a definite bear market going on everywhere except in a handful of recent tech IPOs and biotechs. Having said that, I think there will be price appreciaiton in small numbers of stocks. I am trying to focuss on the following: 1. Small caps with solid earnings and revenue growth, good RS and prices near 52 week highs. These are companies with pricing power that are immune to inflaiton. For example, I am heavy and long CLZR. Yuppies want to reshape their bodies. VISX is dead, so why not CLZR? We have more skin than we do eyeballs! Other examples include NASI, although their last sequential revenues were flat. 2. Broadband plays that reduce cost of Internet access. The buildout of the infrastructure will create capacity that reduces price and makes up for it by drawing more customers. I started a position in ATHM, which for the first time, is reasonably priced. The XDSL makers also look strong. I can get 24 hours of Internet a day at a faster speed for the same or less money than I pay for goddamn attglobal.net. I still like AWRE and am looking at COVD. 3. Oil services companies. SLB and Halliburton still look good to me. 4. Overlooked b2b plays. I started a big position in EMRG last week at $50. This is cattle and beef b2b. The IPO was overlooked in all the madness with TSTN, AVNX and QEDI. TSG is another favorite, although this may be vulnerable to increasing jet fuel costs. 5. Stocks that marry low price searching with INternet commerce. Only one pops into mind: PCLN. If airline tickets go up, where do people on a budget go for cheap(er) tickets? 6. Brokerage stocks. Yes, this sounds counterintuitive, but we are having 2 billion volume days. Who benefits? I still like EGRP and WEBS. I am now 50% cash and will raise more tomorrow. I have sell orders in for my remaining NTAP and EMC. Stay tuned and stay sane! DocStone