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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (8054)	11/21/2000 6:01:41 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Bosco: In the internet space everything I like is under water so I'm trying to stay with companies that have growing revenues and earnings and should be able to continue for a couple of years. Hey the CMGI chairman was buying stock in the high 20's. Look @ DVN, earned $1.49 last qtr when their avg. ng selling price was less than $4. Its selling @ $52 or less than 9x next 4 qtrs if its flat (it won't be). This is not the only bargain in this space but a plus is its in the S&P (a lot of puts on the s&p). Its pulled back and tested $49. Low risk with pretty good upside (I have target of $90 in March). You can find home runs not just in tech land and this market is shooting tech land stocks, especially the inuts (they will be shunned for quite some time). Back in 72 - 74 time frame oil stocks did very well while the market tanked. DVN is oil and gas. Good luck out there and I can be wrong. Tim PS for stocks in the INET land I like ATHM and INSP. These two won't be going away. I like them here but they can go lower and I'm not buying them now.