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To: Sonny McWilliams who wrote (15955)1/12/1998 12:51:00 PM
From: TechnoWiz  Read Replies (2) | Respond to of 27012
 
Good Afternoon Sonny: Re: Investment picks for 1998 and beyond.

As I was saying to you a few days ago, I was looking for a strong rally to develop mid January somewhat like what happened in 1996 but not necessarily as strong - just a rally, then if the right team wins maybe a lot stronger finish!

Even though the market got whacked after the initial late Dec - Jan rally, a number of stocks have been acting well, most notably INTC, MSFT and CSCO. With these three 21st Century Bellweathers coming back so strong and to a certain extent the boxmakers, I believe the overall market is gaining confidence.

Even though we had a distorted January effect this year, the positive influences are still evident because portfolio managers have to BUY when they see these sharp breaks. Also the sentiment went negative very quickly and was overwhelmingly bearish so this helped.

Interestingly, there is a credible argument that the December washout in the Naz did create an important bottom and the correction of the last few days was in fact a retest and in general the Naz leaders have acted better on a relative strength basis than the rest of the market in recent days.

The biggest surprise in the market of course, would be a rally of the magnitude of Jan 96. There is already evidence that a number of issues may have made important bottoms today.

Asia is already diverging with some sectors already put in at least temporary lows, which suggests the likelyhood of an enormous snap back rally developing over the next few days.

All this volatiliy is creating a lot of opportunity. Remember what I said about Mexico in 95, a few weeks back when Korea was making its lows, look how much Korea has rallied since then. Already, there is talk that Korea is starting to rebound.

I am having a lot of trouble posting this message... more to come later

rgds

Wiz



To: Sonny McWilliams who wrote (15955)1/12/1998 1:39:00 PM
From: TechnoWiz  Read Replies (3) | Respond to of 27012
 
Sonny: Among the Med Sector stocks I like Vical Labs VICL for its technical picture and fundamentals and I like AMGN for its Leptin potential for the treatment of obesity. There is such a huge market potential for this product that I feel it could impact the stock price of Amgen dramatically.

The evidence is very compelling at this time that the greatest potential for dealing with this problem without the potential for side effects lies with the Leptin based treatment.

Btw: Just heard that Cramer's "Trading Goddess" wife has surprisingly turned bullish, (lending support to my earlier comments...)

Netmanage (NETM) also looks interesting at these levels. It is trying to base out.

My pick of the year in the small cap sector is Financial Intranet.(FNTN). The stock has a 7 month base and there has been a lot of volume and activity at these levels. Somebody asked me to comment on it technically, so if you're interested I'll post it here.
Judging by the length of the base the stock could have a lot of upside

There's around 10 million shares and based upon the News Release below which states that the company is potentially on track to generate 15 Million in revenues with 2.5 mil to the bottom line ie potentially make as much .25c per share it would appear that this issue is extremely undervalued.

What do you think? Here's the news release courtesy of Yahoo/Reuters

Monday December 29, 8:00 am Eastern Time
Company Press Release
Financial Intranet to Launch Sales Force in Seven Cities on January 1, 1998
NEW YORK--(BUSINESS WIRE)--Dec. 29, 1997--Financial Intranet Inc. (OTCBB:FNTN - news) announced today that the company will have a sales organization operational by Jan. 1, 1998 initially covering Los Angeles, Las Vegas, Denver, Atlanta, Orlando, New York and Boston.

Michael Sheppard, president and Chief Operating Officer of Financial Intranet, said the company is on track to begin generating revenues, projected to be $15 million gross, with net profits of $2.5 million during the first fiscal year.

Financial Intranet is establishing the nation's first proprietary, secured, on-demand data and video financial information network that links the brokerage and mutual fund industries together and connects both to the individual investor. Testing of the network at Beta centers is now underway and the complete network is expected to be fully operational by January/February 1998.

--------------------------------------------------------------------------------
Contact:
Martin E. Janis & Co. Public Relations, Chicago
Hal Schweig, 312/943-1100

Byron Wein on CNBC at this moment makeing some positive mkt comments

rgds

Wiz