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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (295)	11/28/1997 2:03:00 PM
From: Dale Baker	Respond to of 118717

Friday update: a few notes on the first upbeat session my portfolio has had in a while. In the long department, ATLPA is looking golden. Lots of big block buying and a strong finish up 7/8. This one is a keeper which should defy tax-selling season. BNGO and BNGOW may have finally turned the corner. We'll see when the professional sharks (I mean traders) get back to their terminals on Monday. For value investors, BNGO is a great play under 6 since its trailing earnings are .35 and should be well over .40 after this quarter. Give it a conservative PE of 20 and you get.....a much higher price than 6. BNGOW is a trader's play. There's a good chance you could make 50% to 100% by December 19, and a downside risk of probably 50% from the current 7/8 price. Place your bets if you feel lucky. TSSW continues to show a little spunk. This is a buy and hold for several months to see if they can make a profit this quarter or next. For speculators only, IMHO. Same with NRAG if you like real penny plays. Outside my current holdings TMBS looks good after its 5-4 split. Lesson here: pay attention when stocks are about to split. I set a tight stop and forgot about the split, so I wasn't holding TMBS when it went up 20%. Live and learn (I've been saying that a lot lately!). UCMP is also showing some life. I noticed today there was a nice MACD line cross a few days ago which today's action confirmed. If the market looks like an up opening Monday, I may jump back in. On the short side, CDRD punched through the secondary offering price of 18 to close in the 17's. The only thing that will prop it up is Merrill Lynch, one of the secondary's underwriters with a lot of soon to be pissed off clients who bought this story stock at 18. Yesterday you couldn't push CDRD under 18 1/4 for love or money. Today's action makes me think the account manager took the day off, or ML decided it wasn't worth it. My target to cover is 10 or 11. Stopped out of a short in TRBO today with a 10% loss. I have said before, decide up front with a short position whether you will ride out a squeeze, or set your stop and take the lumps. I was 10 points behind in CDRD at one point and now show a profit. My leading short prospect is SHEL. Watched it stay unchanged today but the financials are really garbage. Another candidate for tax selling unless some resistance forms. That's the story for tonight. Have a good weekend everybody.