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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (15852)	8/15/1998 10:10:00 AM
From: Ron McKinnon	Read Replies (3) \| Respond to of 53068

review of my Z holdings BKB this one is down along with all financials/banks it is right about dead center on its 52 week range down 24% from its high the big takeover premium is out of it concerns about its big Latin American business has not helped I will continue to trade this almost daily in my own account and will/may keep it as a core Z holding for a while CTB I have 21% of our equity tied up in the value/dog should have sold off most of it as per plan when it broke 20 the Z position is down an average of 14% and is down 2.9% of our equity one of my hard rules for my own account is to NEVER let any single stock cost me more than 2% of my equity; I broke that rule for the Z but sold out all but a token amount of my own a few days ago next week I will likely sell most of the Z's position although I think that this is a great long term hold CIT Wed and Thur some huge blocks traded with little impact on the price Friday the were no big blocks passing the tape technically this pup is right on support the F/A is excellent present plan is to sell it if it breaks down and to buy more if it moves up FNM love this one will continue to trade it often TRV down with the market and over concerns over the international exposure in CCI I trade this almost daily as the pattern of intraday moves is in sync with the market and turns just after the ticks turn not sure what I will do with it for the Z as you can see I am heavy into financials right now if/when another sector begins to look attractive I will start to shift funds I have a large % of the Z funds tied up after doing few trades earlier this year if anyone wants funds for a good buy please post and I will sell off some I do not think that any one of us should "hog" the Z equity have a great weekend all off to the beach this afternoon to watch the sand castle contest judging and then to chow down on some cheap, $3.49 a pound, Maine lobsters VBZGGGGGGG

To: Ron McKinnon who wrote (15852)	8/15/1998 11:04:00 AM
From: Larry S.	Respond to of 53068

TOY, JH (JOhn Harland), TLAB, CBS and CD: Ron, TOY and JH are both strong members of TSPC (The sick puppy club). TOY has strong evaluation at PE 11, but the trend, as you have said, is decidedly down. TOY is experiencing increasing competition from WMT and other large discount chains and has lost its pre-eminence as THE place to buy toys for kids, or at least that is my reading since my kids are now more interested in cars and grad school than the latest barbie doll or nintendo gee-whiz. JH is in the same category, a quality company, this time in the check printing biz, that has lost its luster. JH announced earnings of 13 cents vs expected 33, so that didn't help. Would put/keep JH on the watch list for sign of turnaround either FA or TA. TLAB - Telllabs, got creamed yesterday on CIEN's shortfall, TLAB to acquire CIEN in 1:1 stock swap. TLAB closed at 58, down 12, smashing thru the 50 DMA at 74 and the 200 DMA at 63. Stock has strong support around 50, may well be a bouncie candidate here, but it doesn't look to me that this stock will just "snap back". TLAB also is a quality company, admittedly frought with competition, would watch this one for sing of stability. CBS traded through support yesterday at 29 and held longer support at 27. There was some inbalance in the afternoon. stock shot back to close over 28. CBS posted earnings in line, while low, but the real story is the value in the last independent network and the huge radio system that CBS now is. Think stock can trade back to 32 area, and possible 35, though this market ain't helping nuttin. CD - Cendant - I think CD is one of the great opportunities on the board right now. Yes, CUC cooked the books, Yes, Silverstein got snookered, big time. But they've cleaned house of the CUC crooks, are meticulously re-stating earnings that have some relationship to reality, and have some of the best franchises in America: Coldwell Banker, ERA, Century 21 in real estate, Avis rent a car, and Days Inn, Ramada, Howard Johnsons and Super 8 in lodging. Disaster breeds opportunity, especially when there are competent people back at the helm. Larry