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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (34461)	10/6/2000 2:15:38 AM
From: IQBAL LATIF	Respond to of 50167

Thivery.................................I am in it.. Trident (TRID) has struggled with operating profitability recently. But value investor John Buckingham sees "several opportunities for substantial appreciation" for the maker of graphics and multimedia chips for PCs. For instance, Trident just scored a big victory when Sony began using its graphics chips for a new Vaio notebook PC. Sony chose Trident's chips for their high performance and smooth motion, which are particularly important as Vaio machines promise superior graphics processing. A first glance at Trident's financial picture shows the stock trades for a meager 2x earnings. But Buckingham advises taking a second look. He notes that this figure includes $5 million of non-recurring license and royalty income as well as a $115 million gain on an investment. Excluding this gain, the balance sheet shows no debt and $39 million in cash. "Any price for Trident shares below $11.75 seems like thievery," Buckingham says, for a firm with just 15 million shares outstanding and a balance sheet with $176 million in cash (including the investment gain). "We think tiny Trident is a diamond in the rough. The stock could easily double," he says.

To: Jeff Jordan who wrote (34461)	10/6/2000 2:15:52 AM
From: IQBAL LATIF	Respond to of 50167

Is a Recession Imminent? (SWC) Signs point to a recession in 2001, says technical analyst James Stack. He notes that for the past 80 years, over half of all recessions began the year after a Presidential election. Warning flags that tell him a bear market began with peaks in the DJIA on January 18, 2000 and the Nasdaq on March 13. Another bearish sign is Stack's "Gorilla Index," comprised of leaders like Microsoft, Worldcom and AT&T; the index recently traced a downward head and shoulders pattern. "Bull markets end in exhaustion," Stack says. To measure exhaustion, he looks at advance/decline lines to gauge market churn, or sideways movement. Stack reports 23 consecutive days of churning that ended on September 16 with a 160 point drop in the DJIA. In addition, all three of his supporting indicators point downward. "These are not the kinds of odds we like to bet against," Stack says. Stack's model portfolio is mainly in cash, but he also holds some small defensive positions. These include Stillwater Mining (SWC), a key producer of palladium. The metal is prized for its high conductivity, and it is a favorite in making cell phones, laptops and other high tech products. Nearly every new car uses palladium in its catalytic converter, and the rise of vehicles driven by fuel cells would also drive up demand.