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To: drsvelte who wrote (999)	7/8/1998 9:17:00 PM
From: Thean	Respond to of 14427

Doc, found a few tonight. The criterium: the market must be on the summer rally mood, right or wrong. The techs must be on the mo-mo mood, as speculation buying continues. With Nasdaq breaking into new high today, the ingredients for a good summer rally is there. The companies below all have solid business fundamentals, other than GTW which is yet to be proven out but is looking OK now. PMRY - a computer seller targeting corporate clients. Zero exposure to Asia problem. Smart, proven, down-to-earth management that is locally based and they have consistent earning growth. Very reasonable PE. I'm buying this first thing tomorrow if all oversea markets coorperate. Breakout today. 207.95.154.130 KNDL - just been added to the Russell 2000 list. One of the fastest, if not the fastest growing small cap company. Been growing in three digit figures the last few quarters. In the right long term business as well. Pretty high PE, but compared to what? Not if they have 3 digit growth. Breakout today. Locally based as well. 207.95.154.130 GTW - another breakout. As long as the tech is rallying, GTW will move up just like DELL. They will meet earning this quarter as preannounced so there is going to be very little negative surprise left here. Breakout today. 207.95.154.130 I will exit the moment the market gets a dose of big disappointment from the leaders like INTC or DELL, or if I make 5% I'll set stops immediately, intraday and thereafter. No exception and discipline all the way. Now the short - SCTR did breakdown today, illustrated and confirmed. 207.95.154.130 We have had lower low for so many days and today the volume began to climb. Shelia has info saying the insider selling pressure should likely continue for the next few months and it is overvalued as hell and not currently in favor. I guess it will be in favor if MOT is in favor <gg>.

To: drsvelte who wrote (999)	7/9/1998 9:03:00 AM
From: drsvelte	Respond to of 14427

One of my current shorts, Witco (WIT) yesterday issued an earnings warning after the bell. It may be good for a point or so down. GREENWICH, Conn., July 8 /PRNewswire/ -- Witco Corporation (NYSE: WIT) announced today that sales in the second quarter of 1998 are expected to be 10 to 12 percent below the same quarter of 1997. On June 4, 1998, Witco had announced revenue shortfalls of six to eight percent for the quarter compared to the same period last year. The additional revenue shortfall will likely cause Witco's second quarter earnings per share from continuing operations (excluding any non-recurring impact of the previously announced swap of businesses with Ciba Specialty Chemicals, Inc. and Witco's decision to continue production at its Fort Worth, Texas plant) to fall five to seven cents below current analysts' consensus estimates of $0.33 per share. E. Gary Cook, Chairman, President and Chief Executive Officer, commented, "As stated last month, our revenue shortfall is primarily due to the purposeful divestitures or closures of non-strategic, commodity businesses and product lines, the direct and indirect impact of the Asia/Pacific economic crisis, and the negative impact of the strong dollar. The last month of the quarter revealed the effects of the Asian situation to be greater than previously estimated, which coupled with increased competitive pressures and lower demand in selected markets accounted for the additional reduced revenue and resulting earnings shortfall. The short-term distractions caused by our restructuring program have also affected our ability to grow revenues and meet our goals." He concluded, "While our restructuring effort remains a key priority, our focus continues to shift toward regaining strength in the market place. Although 1998 will continue to be a difficult year for Witco, we remain confident in our long-term goals and in the ability of Witco employees to deliver against them." Witco Corporation, with $2.2 billion in sales annually, is a global specialty chemical company providing high value specialty chemicals for a wide range of applications and markets worldwide. Information in this press release contains "forward looking statements" which are not historical facts. These statements involve risks and uncertainties that could cause actual results to differ materially including, the company's ability to maintain price increases, changes in product mix, availability and pricing of raw materials, shifts in market demand, the ability to achieve the company's cost reduction programs, the cost and timing of the implementation of capital improvements, price and product competition, certain global and regional economic conditions and other factors detailed in the company's Securities and Exchange Commission filings.

To: drsvelte who wrote (999)	7/9/1998 4:38:00 PM
From: Thean	Read Replies (3) \| Respond to of 14427

Doc, we got slapped around by the MM's again today. You know when SCTR is announcing earning? I do think some of the far out drillers calls look very juicy here. I am going to buy some Nov-Dec-Jan driller calls tomorrow. Here I like VRC, RIG, DO, SDC, EVI, SII and RON. For shorter term play, CAM is the only one with some cushion left. Anyone interested in a list of call premium for these drillers? It will take extra effort on my part to type them out if there is no request I'll keep it to myself. <gg> How about you, LT? Bought PMRY today at 27. It did close higher, so did GTW which are on a loose on the upside. So is MU - the anticipation of semi turnaround is so strong the shorts got sqeezed very hard. Quite a few balls dropped out today. Very ugly.