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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (277)	8/13/1998 6:30:00 AM
From: DJRoss	Read Replies (1) \| Respond to of 7247

Dugs Rap: Just thought I would engage myself a bit on this thread by feeding current criteria of yesterdays losers that are closest to fitting the bill. This is to find any possible future positional plays from yesterdays losers. Key points, are major drops/good volume Nasdaq: FNLY: Retail Jewelry last 10 1/2 Dn 8 7/8 on 2.2M shares(52wk: 9 3/4-28 7/8) avg vol: 40K(bad liquidity) downgraded by DLJ to MktPfm,downgraded by Goldman Sachs to MktPfm Insider Trading:VERY LOW Company states that it won't make estimates of -.02 states earnings will be in range -.13 to -.16 CKFR: Electronic Billing last 13 15/16 Dn 9 3/16 on 9.9M shares(52wk: 12 1/4-31 1/2) avg vol: 375K(low liquidity) Insider Trading: LOW Earnings surprises- Company states -.04 to -.06 vs street est 0.31 AFCI: Fiber Communications last 13 1/16 Dn 3 5/8 on 9.5M shares(52wk: 12-44 3/4) avg vol: 2.1M(Above average liquidity) Insider Trading: HIGH Class action suit against company. Claims of insider selling on inflated prices on false claims. Insider Shares sold during action period 3.6M+ Caused shares to drop 58% on 31M shares (BAD) NYSE TNT: Russian Oil last 3 9/16 Dn 3/8 on 820K(52wk: 3 1/16-41 9/16) avg vol: N/A-IPO march 98 Problems with Russian currency conversion TNT #4 oil producer in Russia. Quarterly looks like a profit, but with 97 Rouble conversion rates, who knows what it is today. Difficult to place value LTV: Steel last 7 1/16 Dn 11/16 on 1.4M shares(52wk: 7-14 9/16) avg vol: 310K(Low liquidity) July Smith Barney downgrade Buy to Neutral,August Prudential upgrade Hold to Strong Buy Recently declared a dividend. Last Qtr earnings .03 vs .25 (previous). Involved with other Steel majors in trading negotiations(Anti Dumping Laws) AMEX Nothing today Nothing really that interesting amongst these losers from yesterday. Stainless steel prices recently up, which may be a weak argument to keep LTV on your watch list. TNT is just to much of a gamble with the Russian economy as it is. AFCI is also a crap shoot, but at least we understand the rules. Speculate on this one for a delayed dead cat bounce(market sentiment making this tough to gauge). CKFR claiming profits in 99. Could be a position play if it drops closer to 52wk low. FNLY looks like it will taper off on volume as it tries to find its true value. MM interest probably not that hot. Pick of the litter: CKFR Still holding my MDCO Tim. Good Luck Everybody