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To: puborectalis who wrote (394)	1/14/1998 6:48:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

TO ALL: Looks like it may be safe to go back in the (long) water - at least for now. Here are some ideas for momentum plays as the NAZ heads back toward 1600 (futures have been up +900 most of the day): AMTD - now 26 - target 30 ASDV - now 46 1/2 - target 50 BTO - now 13 - target 13 5/8 (closing the gap) CGN - now 17 3/8 - target 18 3/8 PAIR - now 18 - target 19 PSDI - now 21 - target 23 TQNT - now 24 - target 28 Short plays: INSS at 22, target 19 (closing the gap) and ZITL at 11 1/4 (assuming no contract news). Options: ASND Feb. 35 calls and QCOM Feb. 60 calls. Both report earnings after the close 1/20. NOTE: Some of the above are pure momentum stocks, not value plays. I'm still hesitant to make long-term commitments until we see how the market fares through the entire earnings season. Good luck all.