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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (8894)	9/19/1998 7:20:00 AM
From: Phil Jacobson	Read Replies (2) \| Respond to of 29382

DD, that post by Slider is certainly thought provoking. I've also been trading out of tech for some oils of late hoping to catch them at a bottom. Where they are right now, it seems almost as good as sitting on cash with a nice potential pop you don't get in a money market. They don't look like they can go much lower but one never knows. I do agree with Slider in general terms, ie, that there's no way Shell knows what will happen 2-3 years out, and that it's in their best interest to create low expectations. But don't discount the fact that there's a good chance Shell could be right. There could well be a 2-3 year problem if most or all the emerging markets continue to decline, or even stay at the current level. Some of these countries have lots of oil (Russia for example) and if their economies tank for 2 more years, they will upset the OPEC apple cart by dumping oil to support their economies and currencies, in addition to hurting the sector via reduced demand. Just as lot of tech companies have been burned by having to watch economies get slaughtered where 50% or more of their next growth phase was targeted, the oil sector was building capacity to support the same economies. So just like in banking and many other equity sectors, I think it boils back down to whether we get out of this international mess sometime soon, or if it turns into something that resembles a real depression. Shell did a good job getting people to think of the depression scenario (as it affects oil) as "likely" and get the expectations to be lowered. Phil

To: Ditchdigger who wrote (8894)	9/19/1998 10:50:00 AM
From: Sergio H	Read Replies (2) \| Respond to of 29382

DD, I found an arbitrage situation that looks interesting. TELC is going to be swallowed up by WAXS. The exchange is .586 of WAXS for every share of TELC. WAXS looks oversold and TELC just came in with an excellent earnings report. I'm going to do some digging into this play. I just started looking after reading the following briefing.com article (Jim W. look at the number 1 stock): Briefing Readers' Russell 2000 Interest On Monday, we published a Stock Brief indicating the start of our search for Russell 2000 bargains. At that time we asked readers to send in suggestions of stocks they would like Briefing to look at. We received over 300 different stock suggestions on Monday. (In the office we are referring to these as the Briefing Readers 300.) While we aren't promising to fully research each and every one of these stocks, and report back, there were certain stocks which appeared so frequently in the email suggestions, we thought you might be interested in seeing what is popular among Briefing readers. The appearance of these stocks here should not be construed as a recommendation or condemnation by Briefing. At this point we are simply sharing with you, our readers, what the rest of your fellow readers want us to look at. The following stocks were the most requested stocks and are listed in the order of frequency of requests. 1.NeoMagic Corporation (NMGC) Easily the most frequently requested stock, as more than 25 different readers requested this. Hardware vendor of multimedia technology on a chip, primarily used in notebooks. 2.3Dfx Interactive Inc. (TDFX) Multimedia technology for processing 3D images for interactive games. 3.Labor Ready, Inc. (LBOR) Temporary workers, mostly unskilled, for construction and manufacturing. 4.Prepaid Legal Services (PPD) We would never have guessed this one to have multiple reader interest, but it does. Basically it is the HMO concept applied to legal needs. 5.Apex PC Solutions (APEX) Sells server and switching systems for client/server networks. 6.PairGain Technologies (PAIR) An extremely widely held stock among internet investors. Telecom products company, heavily involved in building DSL products. 7.World Access, Inc. (WAXS) Develops switching and other products for telecom industry Here's a brief summary of the size and stock action for these seven stocks. Stock Symbol Market Cap (MM) 52 Week Range 9/15 Close NeoMagic NMGC 332 22.88 - 12.31 12 13/16 3Dfx Interactive TDFX 168 35.25 - 9.12 8 13/16 Labor Ready LBOR 435 40.50 - 8.67 16 Prepaid Legal Services PPD 525 44.19 - 21.50 23 13/16 Apex Electric APEX 227 41.75 - 15.75 18 3/4 PairGain Technologies PAIR 673 31.25 - 7.38 9 7/32 World Access WAXS 506 40.00 - 17.00 22 1/4 Other stocks with multiple requests included: Vantive Corporation (VNTV), Remedy Corp. (RMDY), JDA Software (JDAS), Zapata (ZAP), Ligand Pharmaceuticals, (LGND), BE Aerospace (BEAV), Theragenics Corporation (TGX), VLSI Technology (VLSI). Briefing's primary objective is to search the entire Russell 2000 stock universe, but we will take the time to at least look at all of the stock suggestions you have sent in. However, our primary goal, as mentioned on Monday, is to find undervalued stocks whose underlying business is still solid and growing. Primarily, we do this by starting with fundamental stock screens. From there, we will research individual stocks further. However, we regret that Briefing cannot make personal recommendations on stocks that you have. To accurately answer the question of whether a particular stock should be sold or held requires an understanding of an individual's complete personal financial situation and tolerance for risk. Since we do not have this information, we cannot tell you, on an individual basis, whether you should hold, or sell, or buy, any particular investment. Briefing's role is to provide you with starting points for your investment decisions. Ultimately, the final decision of whether a particular investment is appropriate, is up to you.