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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (5042)	8/12/2000 9:53:23 AM
From: Ron McKinnon	Read Replies (4) \| Respond to of 11568

my Z holdings I'm sitting on a 34k loss on my Z positions which account for 18% of our holdings ABIZ, clearly I should have bailed on this long ago my inclination was to just take the loss but I may hold/fiddle with it for a while the sector was hot as a pistol a while ago, now it is hated personally I only hold 400 shares at 16 avg; am trying to do some small flips around this tiny hold position Merrill Lynch S/T accum L/T buy target 30 First Boston Strong Buy Small Cap target 56 Sal Smith Barney Buy target 50 First Union Strong Buy target 67 DLJ Top Pick target 45 if it acts ok soon I may actually add some AMES retail is hated with a passion; often the time to buy Ames stores are junk but cater to a certian sector after it came out of bankruptcy the street loved it and it had major momo from $1 to $50 estimates have been lowered dramatically but if if if they do hit $1.35-1.50 for this year then we have a decent company with an ok balance sheet trading at a P/E of 4 ish my guess would be support at 5 with 6-9 possible pre xmas I am trading now (flipping) around a 10k core position (which I am under water on) but have scalped $4700 off of flips to date ANAD I like the FA on this one as well as the sector it may wander in the low to upper 20's for a while I'll buy in the 23-25 area, scalp in the 26-28 price a break above 28-30 should give it legs to 35 at least I have scalped 4k+ profits off it in the last two weeks only hold 500 shares now looking to add/trade next week like it a lot FNV a broken company that fell from 60 undergoing a major restructure up for sale trading at less than half of book and a P/E under 4 with a .72 (8%) dividend I'm holding 2k looking for a mid teen buyout one day while flipping 1-2k for small gains when the mood/price looks right RMDY tanked huge from 50 to 20 after it had record results that beat estimates buy gave a soft foreward outlook stock buyback in place that should give it some support ests for this year are 1.375 and '01 at 1.73 so a P/E in the low teens I'm holding a core 2k looking for 25-35 by Spring while trading/scalping 200-400 shares almost daily hope this helps and maybe others here can go through the same exercise on the ones they hold for the Z