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Strategies & Market Trends : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?

To: Paul Moerman who wrote (20)	2/2/2002 2:12:01 PM
From: Joe Stocks	Read Replies (1) \| Respond to of 787

Paul, Thanks. HAL I bought the day before earnings thinking that I liked the fundies, the news that was in that stock was about as bad as it could get and that earnings would remove a little of the cloud cover. I sold when it hit 14.50 and am now looking into getting back in. I am also in CPN. I'll check out FMO and FWC. I think ENE (ENRNQ) did us traders a great favor. Many are going to now more than over-react to bad news especially the bankruptcies. KM was classic. I bought KM the morning it filed Bankruptcy at 68cents. Everyone now thinks that any bankruptcy is worth less than a dollar. Some of these non-techs have good assets and just need reorganization. I'm not saying KM will survive but it gave me a nice more than double. Still holding with a trailing stop just below at $1.18. Usually I don't like trading stocks below $10 but this was a special situation. My position is relatively small. Joe

To: Paul Moerman who wrote (20)	2/3/2002 12:31:30 PM
From: Joe Stocks	Respond to of 787

FMO and FWC- Paul, I checked those out. I like FWC more than I do FMO. FMO has some fairly hefty losses projected ahead. FWC seems to still have earnings but the power producers are cutting cap-ex strongly. What HAL had going for it was the headlines. I mentioned this yesterday. I think the headline trades that fall will provide better profitability. With earnings coming, HAL had a great "trigger" to push it higher. I'm going to review FWC's 10Q and put it on my watchlist. I want to see if I can get a feel for 75 cents in earnings this year. That's a PE of 3.5. The downside risk looks limited and I'm hoping that the power producers start showing some life. The ones I follow of the power producers I follow are EP, NRG, MIR, CPN, REI and DYN. I have long positions in MIR and CPN. CPN longer than I would like to admit. I played CPN as if I was in denial and am underwater on that. Don't ask how far.LOL! I like to think I am a disciplined trader. I need to work more on that. Joe