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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Slide Rule who wrote (14627)	3/5/1998 12:08:00 AM
From: Bonnie Bear	Respond to of 18056

re brokerage/pension fund stocks: Here's some names for you. They probably daytrade well heading into Nas volatility, but are best for position-trading over a few weeks (my preference) or long-term buys. Right now I am holding JEF, SWS, BSC, BARZ, AMTD, will probably dump AMTD and BARZ and add LM and DLJ if they come on sale. I was intrigued at the correlation between the nas and the brokerage stocks, the brokerage stocks are much less volatile and have little downside risk so I started buying them this year as the only place I felt safe. Trading JEF is always pleasant. My favorites are JEF, BSC, SWS, LM, AGE, DLJ. There's an IPO this week, WDR, that should do well. MER looks like it would trade well. And ones to add to your IRA for buy-and-holds, if they come on sale, is STT (they're #1 in pension fund management), AVZ (i'd guess they're going to be #2), BEN (templeton funds) SAI (annuities), PA (Pimco funds) If you bottom-fish, National Discount Brokers did not show a profit, their stock is very depressed and might be a takeover target. There's a couple of others at bargain-basement prices, JB Oxford (JBOH?) and the shredded remains of Jack Carl Futures (FUTR), almost penny stocks. TROW, SCH, MWD, HQ seem way too expensive here. I don't track LEH and PWJ but Fidelity Select Brokerage has a large holding in them. Any time you see any of the brokers get hit hard, buy them they'll spring right back. Hope this helps. BB