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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 (9716)5/27/1998 2:00:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Market Assessment: Model portfolios in 'famous' newsletters are selling out. They are touting their gains in the first quarter of 1998 but not saying much about the large losses these last trading sessions. I'm still a staunch believer of the the buy and sell theory and not the buy and hold theory. Sector jumping has proven successful and there is no reason to hold semiconductors, computer stocks, etc if you've had a 15% loss. I makes more sense to me to stay in cash with short 'treks' into some good companies with good earnings reports or good value and growth going forward. They are there and I will find them. They are now being overshadowed by the 'popular' losers in technology sectors. I think this 'correction' is needed and is healthy for overvaluations rampant in the market.

Every single earnings period we go through the same 'fears' of the companies that give out warnings on earnings expectations. The bigger companies that dominate the index funds have reported fears of lower earnings. You have to expect market confidence to be hurt in light of this. I don't think that large cap stocks will recover as quickly as the small to mid cap stocks. Their high evaluations will not let them recover as quickly, especially in light on the full impact of the Asian crisis still lying ahead of them.

I personally will be looking for companies with low PEG's and high Growth prospects going forward. They will be 'uncovered' and analysed throughout the next earnings quarter.

Try to recall the nice gains made by companies like ANN, LOW, TLB, ERTS, TJX, MDT, CNJ in the last few weeks. Companies like these and others will regain momentum and others like the internet sector (especially stocks like NSOL, MSPG, SEEK, OZEMY, XCIT) will bottom out and renew their gains. Right now I'm looking at stocks in the Brokerage & Investment sector, Leisure, Telecommunications, Retailers.

I'm going to start looking at companies reporting in June/July and begin analysing them as soon as this weekend.



To: Jenna who wrote (9716)5/27/1998 2:29:00 PM
From: Jenna  Read Replies (3) | Respond to of 120523
 
Saf T Lok <LOCK.O> shares jump in heavy trading

ATLANTA, May 27 (Reuters) - Shares of Saf T Lok Inc., the
Florida-based maker of handgun locking devices, surged 36
percent in heavy trading on Wednesday with the company the
second-most active on the Nasdaq stock market.
Company president John Gardner was in Washington, D.C. and
not immediately available to comment, Saf T Lok said.
But the buying pressure came a week after a deadly shooting
rampage by a student in an Oregon high school cafeteria stepped
up pressure on lawmakers to require handgun makers to install
such devices on handguns.
The stock was up 1-1/4 to 5 with more than 14 million
shares traded. Earlier in the session, shares touched a new
52-week high of 6 a share. At its peak, the stock was briefly
worth $20 a share in May 1996 before a steady decline set in.
last time the stock was worth $6 a share was in March 1997.
Woodward Trading Co said Wednesday it started coverage of
the company with a strong buy recommendation, citing the
changing political environment and expanding fundamentals.
It also noted said that Saf T Lok plans to use the web to
link, distribute, and retrofit existing firearms from its web
site. (www.saf-t-lok.com).
Woodward Trading was also not immediately available to
comment.
((J. Westhoven, Wall Street Desk 212 859 1881))


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