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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Mammon who wrote (1386)12/30/1998 8:50:00 AM
From: Rande Is  Respond to of 57584
 
[ASHW] Repasted from post on Z Best Place to Talk Stocks...written by Ron McKinnon:

Dan Zimmermann (18132 )
From: Ron McKinnon Wednesday, Dec 30 1998 7:14AM ET
Reply # of 18135

Dan, ASHW

OK, so I'm biased, own a ton, added more yesterday; betting the farm on this one

no need to go over the fundamentals again; super strong balance sheet; no debt, trading
at book, has earnings which have fallen but have a decent chance for a rebound if
management can get their act in place
exchange2000.com

yesterday just about every technical indicator turned on it

the big seller of last week seems to be done
after the big drop last week volume fell each day, but is going up now as it comes off the
low; a good sign

yesterday 90% of clothing companies were solid and most retailers were strong as well

for sure there is a possibility this can fall back some from here
but I think this has 20-30% in it within a few days/weeks; and a real possibility to go
50% if there is any good news or short covering

over 5 it gets back in the margin range; a two edged sword

tax selling done

entering the best season of the year for golf
look at a 5 year chart; every year this has been much higher in the Spring then in Dec

I honestly think we will see 6.00-6.50 (20-30%) in the short run and a real possibility
for 8-10 by March/April (60-100%)

and if they get off the stick and do a .com, which actually makes a great deal of sense
for them, unlike many others, then we will have hit a hole in one

I don't often "push" stocks here but do think this is one for all to consider