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

To: STEAMROLLER who wrote (952)	9/18/1998 9:20:00 AM
From: STEAMROLLER	Respond to of 1561

09:08 ET IDT Corp (IDTC) 18 3/4: Morgan Stanley Dean Witter starts coverage of long-distance telephone and internet access services provider with an "outperform" rating. 09:04 ET AMBI Inc. (AMBI) 3/4: Developer and marketer of nutrition products enters into an agreement with American Home Products (AHP 53 3/4) for an exclusive license to sell AMBI's CARDIA SALT ALTERNATIVE product in the US. Company to also receive an up-front payment of $1 mln and AHP will purchase $4 mln newly-issued AMBI shares. (Press Release)---Chart 09:01 ET Apollo Group (APOL) 29 1/16: Company's CEO will appear on CNBC this morning at 9:10 ET. Yesterday, the stock tumbled 7 11/16 pts after the Wall Street Journal said that investors may be overlooking risks at Phoenix-based provider of higher education programs for working adults, including a pending audit by the Department of Education. DOE contends that a federal team had been provided with "invalid" and "inaccurate" information, and that the number of student drop-outs and withdrawals had been "significantly underreported." Chart 08:51 ET Business Week Stocks: 9 7/8: Tough words being spoken about biotech Hemispherx Biopharma (HEB). Shorts say market may be vastly overstating potential for company's treatment for Chronic Fatigue Syndrome. Asensio & Co one of the firms shorting the shares. Believes that drug neither safe nor effective and is ineffective in the treatment of any disease. Asensio's price target is $0.00 (yes zero). Also notes that company brought public by "notorious penny stock house" Stratton Oakmont, whose two former principals recently pleaded guilty to federal money-laundering charges. Says unexercised warrants/options could provide substantial dilution, with possible 80% increase in shares outstanding. Stock trades on AMEX. Chart-- Recent HEB Press Releases 08:45 ET Nike Inc. (NKE) 33 7/8: Athletic footwear and apparel maker reported Q1 net of $0.56 a share, 8 cents better than the First Call estimate, vs year-ago profit of $0.85 a share. Sales fell 9% to $2.505 bln; worldwide future orders slipped 15%. Company says results were helped by lower than expected spending, but expects spending levels to return to normal levels in Q2. Nevertheless, Merrill Lynch taking opportunity to raise near-term rating from "neutral" to "accumulate." Maintains long-term "buy" rating. NKE shares fell 2 3/16 pts yesterday. Stock trading 1 pt higher on Instinet. 08:41 ET Imperial Credit Commercial Mortgage Investment Corp. (ICMI) 9: Real estate investment trust receives an unsolicited merger offer from Wilshire Real Estate Investment Trust Inc. (WREI). IMCI's board to review offer valued at $11.33 for each share of Imperial Credit, based on the $12.75 closing price of WREI's stock on September 16. WREI said would be willing to pay up to 20% of total purchase price in cash. (Press Release) 08:35 ET Market Indication: Broader market indicated slightly higher. Current level of the S&P futures suggest Dow will climb approx. 20-25 pts at the open... Major overseas markets mostly lower: Singapore -3%, Hong Kong -1.7%, Japan +0.9%, Germany -1.5%, France -1%, London -1%... 30-yr bond trading plus 5 ticks... Triple-witching options expiration... Nike indicated higher.