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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 (10424)	6/19/1998 8:45:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

SCSWF..reports June 29.. .not a good chart BUT............. This company owns 7 of the 30 subsea vessels in the world. Just bought DIVE. Sells at a substantial discount to CXIPY, now selling at less than 15 times 1999 earnings estimates and has 42% EPS growth projected!! It is ranked number 1 out of the 35 in the oil service sector and has 6 strong buys and nothing else. I know the chart is dismal, but the price of oil should stabilize and either way I suspect that when it reports the oil sector will have a good day (remember VTS!). Subsea construction is one of the premier oil sector niches with the growth of ultra deep water drilling - This has now taken the place of CXIPY as my favorite oil sector stock. Obviously this is not just for a daytrade but a long term hold with great potential going forward. I've often made this company a successful intraday trade as it's range can be from .5 to 2 1/2 points a session. This quarter is finishing well. Spot day rates are up to $200,000 a day from $120,000 last year. SCSWF should comfortably beat estimates this quarter and probably the next couple of quarters as well.. If you have some spare change and don't need to touch your money for a couple of years, then this is a good bet.