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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (29030)9/9/2002 2:03:43 PM
From: Jibacoa  Read Replies (1) | Respond to of 29382
 
From the 9/08 issue of market newsletter Talking Points.

talking-points.com

3) TSO (Tesoro Petroleum Corp., Oil and Gas Operations), $3.26 - Strong Buy.

As we talked about in this week's Hot Topic, the spotlight is likely to shine bright on oil as the nation readies for war with Iraq.

As an independent refiner and marketer of petroleum products, TSO looks to us like an undiscovered gem here.

Trading well below book value, TSO looks primed for a nice upward move after successfully skirting a revisitation to the lows it put in place in mid-August.

Friday's close was at the tops of the day and signaled a reversal bar on the OHLC chart after seven consecutive sessions of declines.

Strong volume Monday would indicate further gains as traders focus on the sector and the stock makes a move at its 13-day MA of $3.78.

Target price: $8.20 (30% gain). Stop limit: $5.80 (8% loss).


RAGL

Bernard