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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (2062)	12/14/1998 5:19:00 PM
From: Fitz	Respond to of 56535

Today Out of ASTM with a loss......... Out of FP with a loss........ The only bright point for me today was RON in the oil sector.....Up 2 points today........This one is worth watching for the next few days IMO....... Good luck to all, Fitz

To: Trader J who wrote (2062)	12/14/1998 11:42:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Position Trades: Value positions - Currently I am weighing the benefits of 3 different issues. Looking to play only one. As of now, I have ..... AFCI. Takeout rumor seems to have subsided for now, good company with good growth prospects. Probably best business of the three. Float larger than I like at 53M, short shares at 2M. Good cash on hand, P/E ratio and analyst coverage. One weak spot is management. Had a serious shake-out this year and have been told that their business plan stinks, and will continue to stink until a new CEO is in place, which should be soon. That may be all that is needed to in order to move this issue higher. Can be explosive when it goes. SPLH - Great value here. Played it once before as a dead cat bounce .... didn't do much for me. Not a lot of analysts following this one which can be nice. .90 earnings this year, which is above next years estimates .... problematic. But with a P/E of 6 and change you cannot go wrong ... as long as earnings do not take a major hit. AGTX - Good value, smallish float, can be explosive. Price/Sales under 1.0. 52 week high of 61. Has been weak on light volume which is what we want to see, makes for good values. $1.06 this year projected with $1.34 next. Probably the best overall value of the three here. But is it worth 2x AFCI. Need to decide by tomorrow. Other good plays out there as well, but I am looking for a good position play to take me into January.....I think we will have a delayed Santa Claus rally this year that should be nice. I believe all 3 of these issues will participate and one will likely double .... still believe AFCI has the best shot but I am not positive. More DD needed. Good luck to all. TJ