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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (9688)	5/27/1998 10:42:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

COST, MDT, JBAK.. are the only stocks that I had in my database that were worth entering this morning. SPLS is worth a watch J. Baker, Inc. Announces 92% Increase in FirstQuarter Earnings<JBAK.O> J. Baker, Inc. Announces 92% Increase in First Quarter Earnings CANTON, Mass.--(BUSINESS WIRE)--May 27, 1998--J. Baker, Inc. (NASDAQ:JBAK) today reported results for the first quarter ended May 2, 1998. For the three months ended May 2, 1998, the Company reported net income increased 92% to $516,000, or $0.04 per diluted share, compared to net income of $269,000, or $0.02 per diluted share, in the comparable period of last year. Net sales in the Company's continuing Casual Male, Work 'n Gear and Licensed Discount divisions for the first quarter of fiscal 1999 were $126.6 million compared to $119.6 million for the first quarter of fiscal 1998. On a comparable store sales basis, the Company's net sales increased 4.9%. J.Baker has downsized its Licensed Discount division and in March, 1997, completed the sales of its Shoe Corporation of America (SCOA) and Parade of Shoes divisions. Inclusive of SCOA and Parade of Shoes, the Company's total sales for the three months ended May 3, 1997 were $137.4 million. "We are very pleased to see that our repositioning strategies are beginning to yield results," commented Alan I. Weinstein, President and Chief Executive Officer. "Our merchandising initiatives in all three divisions met with positive customer response as evidenced by our overall comparable store sales gain. Importantly, we remain on track to complete the refurbishment of approximately 400 Casual Male stores by the end of June. As we look ahead, we believe that our more focused operating and growth strategies will continue to improve our overall financial performance." J. Baker, Inc. is a diversified retailer of apparel and footwear. The Company operates the chain of 459 Casual Male Big & Tall stores, specializing in casual and dress clothing and footwear for the big and tall man, the Work'n Gear chain of 64 utility workwear, healthcare apparel and custom uniform stores, 857 self-service licensed footwear departments in discount department stores, and three Rx Uniforms stores, which exclusively sell healthcare apparel.

To: Jenna who wrote (9688)	5/29/1998 6:54:00 PM
From: Jenna	Respond to of 120523

A very well known and prestigious newletter called for a "SELL" on SAVLY on May 26, 1998. It had gone from 40.250 to 34.50 on that day. On May 27, 1998 SAVLY opened at 34.. and closed at 39.50. On May 28, 1998 SAVLY opened at 39.525 and closed at 42.50. So these people sold it at about 34 and 1/2 and watched in go right back up to 42.50. On May 26, 1998 PPD was called a SELL after going from 36.50 to 34.875 and then to 32.625.. By end of Friday it had rebounded after an upgrade. Now this newsletter is telling everyone not to panic and sell. Pre- Paid Legal (PPD) prices: DATE OPEN HIGH LOW CLOSE 05/26/98 36.500 36.500 34.875 34.875 44,400 05/27/98 34.125 34.750 32.625 32.875 161,500 05/28/98 33.000 35.375 33.000 34.687 184,500 05/29/98 36.000 36.000 35.250 35.500 74,500 This same newsletter sold off almost all its holdings after saying "you shouldn't hold after 15% loss"... And I ask you fellow posters. Is this a trader's market or not? This is the second prestigious newsletter that has sold off only to have the company rebound in the days following. If you buy and hold then hold.. If you are a trader than do like I do and sell and look for the next favored stock in the next favored sector. The correction in the past few weeks has cost me practically no losses, but rather the contrary.... If I've sustained any it has been under 1 point in each case. I've been selling off my long term portfolio in the last few weeks even dumping CSCO and INTC that I've held for a period of between 13 months and 22 months without anyone telling me to do so. These two newsletters cost a total of 750 dollars a year... I'm wondering what these gurus are selling us... All this is really psychology at best. I've been told not to expect more than 1 'homerun' and expect 3-4 total washouts. I don't think so. It's like the oil sector.. Ask any analyst about the sector and they kept saying 'it is oversold' while it kept tanking and tanking. Use your own judgment. We are in a horizontal correction but all is not lost. It will be if everyone becomes a sheep.. Sheep have a tendency to go to slaughter. Don't be a sheep!