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Strategies & Market Trends : STEAMROLLER'S DAYTRADES -- Ignore unavailable to you. Want to Upgrade?

To: Dave Twibell who wrote (219)	8/14/1998 8:53:00 PM
From: STEAMROLLER	Respond to of 1561

Tel-Save Holdings to remain independent Reuters Story - August 14, 1998 18:48 NEW HOPE, Pa., Aug 14 (Reuters) - Tel-Save Holdings Inc., which had been looking for a buyer since February, said Friday it would remain independent. The company also said it would begin its previously authorized plan to repurchase up to $300 million in common stock from time to time. Tel-Save, a small telecommunications company, said it benefited from its marketing alliance with Internet service provider America Online Inc. . "If there is one thing for sure, it's that AOL members buy and use long-distance services. AOL revenues came in at over $43 million this quarter," Dan Borislow, Tel-Save chairman and chief executive, said in a statement announcing second-quarter results. Tel-Save said it expected to spend up to $125 million more on marketing this year than previously expected. "Although marketing costs, which are expensed as incurred, will negatively impact our third quarter earnings, the company expects to return to profitability starting in the fourth quarter," Borislow said. Tel-Save said it would have the opportunity to earn over $1.50 per share in 1999. Tel-Save reported a second-quarter loss of $96.15 million, or $1.49 per diluted share, compared with $5.87 million, or $0.09, in the same period a year earlier.

To: Dave Twibell who wrote (219)	8/14/1998 9:17:00 PM
From: Wayners	Respond to of 1561

I think you are right on. Another measure is how bad the major indices sold off one one day. More often than not the next day is following by a big plus in S&P Futures, enough so to attract a flurry of market buy orders by amateurs resulting in the gap up. Still risky though.