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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (4074)	10/12/1998 7:28:00 AM
From: Thean	Read Replies (3) \| Respond to of 14427

D - AFS's soft resistence is around 59. If it gaps up today, it may be a good short/put candidate. However, if it breaks 60, cover immediately because it can move to 70. Same story for KRB. Expect a gap up, and I'm tempted to short at open. There will definitely be a pullback after open, but the second wave may carry it up more so a stop is in order. Longer term short candidates - XMIT - since it rebounded up 2+ pt on Friday on small volume. The big volumes were large block/institutional selling on Wed and Thursday. They may resell or now reshort. I'll cover if it goes to single digit or a basing pattern for 3-4 weeks. However, stranger things do happen and I'll protect my profit first, reshort second. GIFI - as long as FGII does not move up, GIFI should not. Fair value for GIFI is FGII-$1. INTV - another good short if it gets rediculous and goes to $21-22. There are at least half a dozen insiders lining up on planned sales on this one. It can't go anywhere but down in a few months. Gold - I would buy more NEM on further weakness. Support is at around $23-24. Long term calls - at this point we should get ready to buy selected fundamental stocks that are cheap today and cheap tomorrow because of the current selloff. If LT's scenario comes true we may go to DOW 6500 but that is about it as the ensuing rebound will likely not see below 6500 but may be in a trading range while the small caps rally. I think it is safe to bottom fish selected beaten down stocks with single PE (not OSX yet). For low priced issues, think about writing long term PUT. I would like people to suggest 1-2 of their favorite stocks with good fundies and now very cheap. MO and SEV are my two picks.