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To: pz who wrote (18447)4/8/1998 12:45:00 PM
From: rocklobster  Read Replies (3) | Respond to of 95453
 
Thread,

FGII trading update I want to go on record and say I sold all my FGII yesterday at 32 3/4. In the morning. I bought some back later at 32 1/4 and bought AFCI with other FGII proceeds. Since I was talking about having a 34.5 target on FGII I thought it would be good to go on record as having sold some.. I feel very lucky since AFCI is doing so well today. I still think FGII will see 34.5 soon, maybe even by this afternoon the way it's acting. When it does, I will sell the rest and look for a better entry again.

Later,
Richard



To: pz who wrote (18447)4/8/1998 1:55:00 PM
From: jbe  Respond to of 95453
 
pz -- But CRLBF, at this moment, is up 63.6% for the calendar year, and, what is perhaps even more significant, it is 34% above its October high. (Very few of the companies in this sector have even caught up with their October highs.) The comparable figures for BTJ are: up 24% for the calendar year (all the gains made in the last few days), and down almost 10% from October highs.

A quick glance shows me that BTJ probably "deserves" to go higher, given its low p/e of 11 (cf. CRLBF, p.e.almost 40!!), and its absence of long-term debt. But then, in this world, the deserving do not always get their just deserts (TDW, get out of the dumps!).

I don't plan to keep CRLBF more than a few days, because I don't see how -- or rather why -- its price run can be sustained. But you're in the biz - tell me, do you know of anything that would explain exactly why it has had such a long run up to now?

jbe



To: pz who wrote (18447)4/8/1998 5:38:00 PM
From: jbe  Read Replies (2) | Respond to of 95453
 
pz -- You were right about BTJ! It ended up whomping everybody today.

I'm assuming that the sharp spike upwards is due to its sockeroo earnings announcement this week. Sharp spikes like that tend to come down rather soon, at least temporarily. Does your crystal ball tell you whether its price rise is likely to hold?

I ask because I took a peek at figures about the company, and I'm really impressed! In addition to rising sales and profits, it can show a balance sheet to die for; great free cashflow, low, low valuation ratios, etc. Now, I'm thinking of buying it myself (unless, of course, I've missed the boat again -- I'm no TA-er).

Excellent pick! I congratulate you (and anyone else who had the foresight to buy BTJ just before the upswing).

jbe

jbe