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To: Knighty Tin who wrote (245911)	6/17/2003 2:59:41 PM
From: Pogeu Mahone	Respond to of 436258

Guru Picks Market Soaring; Gurus Cautious By Nikhil Hutheesing; data provided by Marketocracy, 06.17.03, 1:52 PM ET NEW YORK - Last week Marketocracy's market gurus--the M100--took steps to prepare for a possible market fall. Click here to download our NEW special report "Forbes Adviser Favorites: 10 Stocks For The Summer of 2003." Worried by poor consumer confidence numbers and possible fallout from the Freddie Mac (nyse: FRE - news - people ) fiasco, the stock pickers continued to snap up shares of mining companies. Among the buys were Denver-based Royal Gold (nasdaq: RGLD - news - people ), whose stock price continues on an upward trend to around $20 per share, and Vancouver, B.C.-based Pan Am Silver (nasdaq: PAAS - news - people ). But their favorite last week was Newmont Mining (nyse: NEM - news - people ), which saw its volume spike to 10 million shares Tuesday. Analysts say that if the stock, which trades at around $32 per share, can close above $33, it would establish a significant breakout which could send it much higher. There was also interest in Newmont Mining because the company, which holds a 27.8% stake in Australian Magnesium (otc:AUMNF.PK), plans to record a second-quarter noncash write-down on that company's Stanwell Magnesium plant. Analysts expect Newmont to earn 18 cents per share for the second quarter ending June 30, compared to 16 cents a year earlier. Forbes top gurus just issued their new buy list: "Ten Stocks For The Summer Of 2003." To download it now, sign up for Forbes Free Investment Guru Weekly E-mail. The M100 did venture outside of metals, buying up shares in some auto-related businesses. The top pickers bought shares of Van Nuys, Calif.-based Superior Industries (nyse: SUP - news - people ), which designs and manufactures motor vehicle parts for sale to original equipment manufacturers. The stock trades around $41, and its price-to-earnings ratio is 13 times trailing earnings. Their number one pick was Copart (nasdaq: CPRT - news - people ), a Fairfield, Calif.-based company, which provides vehicle suppliers with services to sell salvage vehicles through auctions to rebuilders. Copart saw its revenue rise 11% to $260 million for the nine months ending April 30 and its stock has been rising steadily to $10. Its price-to-earnings ratio is 16. Bank stocks held onto their gains last week but the M100 continued to take profits, concerned that the banking industry is facing pressures that will lead bank profit margins to shrink. The top sell was Ft. Lauderdale, Fla.-based BankAtlantic Bancorp (nyse: BBX - news - people ), which traded around $12 per share--near its 52 week high of $12.40 last July. The move comes even after BankAtlantic set a quarterly dividend last week of 31 cents per share on its Class A Common Stock. The board set the payment date for July 18, 2003 to all shareholders of record at the close of trading on July 2, 2003. The pickers also unloaded shares of Provident Financial (nyse: PFS - news - people ) at around $19, WSFS Financial (nasdaq: WSFS - news - people ) at $36 and Carver Bankcorp (amex: CNY - news - people ), which trades around $16. The top-performing money managers also took profits in former top-buy military surveillance systems company Sensytech (nasdaq:STST), which they bought at around $10. The stock recently traded at nearly $15. TOP BUYS (NET) Copart (nasdaq: CPRT - news - people ) Newmont Mining (nyse: NEM - news - people ) Royal Gold (nasdaq: RGLD - news - people ) Pan American Silver (nasdaq: PAAS - news - people ) Superior Industries (nyse: SUP - news - people ) TOP SELLS (NET) BankAtlantic Bancorp (nyse: BBX - news - people ) Provident Financial (nyse: PFS - news - people ) WSFS Financial (nasdaq: WSFS - news - people ) Carver Bancorp (amex: CNY - news - people ) Sensytech (nasdaq: STST - news - people ) More Guru Picks Send comments and questions to investingnewsletters@forbes.net. Learn more/subscribe to Forbes Newsletters