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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JustInTime who wrote (6472)	1/9/1999 3:14:00 PM
From: Glenn	Read Replies (2) \| Respond to of 90042

I just found this from ms investor. I respect the guy's opinion. "PairGain Technologies (PAIR): In my Dec. 8 journal, I discussed how I planned to deal with PairGain, my portfolio's only true dog. The stock did, in fact, hold at the support level I forecasted. Now that the shares are rising, I want to position my exit. Before the open, I will place an order to sell the entire position at 10."

To: JustInTime who wrote (6472)	1/9/1999 3:18:00 PM
From: Glenn	Read Replies (1) \| Respond to of 90042

Another post from him mentioning xyln and nn. Xylan: Where are my steel mesh gloves? Over the years, people familiar with my investment style know I'm periodically fearless when it comes to catching falling daggers. Quite simply, there are cases where the market is anything but efficient. This is particularly true when it comes to shares of small companies. I believe we are seeing a market inefficiency in Xylan (XYLN). From what I can gather, its recent pullback is due in part to a mutual fund that dumped holdings on Wednesday. When it comes to the fundamental backdrop of the stock, there has been ongoing concern that Xylan's sales will suffer as some of the networking company's largest original equipment manufacturers reselling Xylan's switches experience sluggish sales. IBM (IBM) and Alcatel (ALA), as Xylan OEMs, accounted for 31% of revenue in Xylan's last quarter, so the risk is real. However, non-OEM sales are extremely robust. With strong products and distribution, Xylan generated about 25% sequential growth in third-quarter revenues from non-OEM customers. In my book, Xylan is a strong buy. The company's fundamentals are solid. Revenue and earnings growth, relative to the stock price and the company's networking industry peer group underscore the potential for the shares to trade beyond $30 in 1999. The company is small, and the general networking industry trend favors the giants like Cisco Systems (CSCO), vendors that can offer customers "one-stop shopping." But Xylan is a technology leader. At some point, if the stock remains as low as it currently trades, I believe the company might be a takeover target. Details -------------------------------------------------------------------------------- Price 32 7/16 Change -7/16 Research Wizard IntraDay Chart Previous Journal Entries -------------------------------------------------------------------------------- Check out the Tech Stalker's Transactions page for a complete list of journal entries. I'm very comfortable holding my long position. As a trade, I'm going to attempt to buy 10 call contracts -- the March 1999 $10 strike (.YXQCB) calls. The order is good until canceled, and I will fill the order at $6 1/2 or better. Revising Newbridge Networks and placing 2 new orders I've had a "trolling line" buy order for Newbridge Networks (NN) for some time. I don't believe it will execute, but I want a position in the stock. The company is undergoing a turnaround that has yet to be fully appreciated by Wall Street. I last commented on my buy order in my Nov. 24 journal. Today, I'm canceling that order and entering an order to buy 100 shares at market. If you've been reading Tech Stalker for some time, you know I'm a bull on Qwest Communications (QWST). The company has built a leading edge fiber-optic network in the United States, and momentum for new service contracts continues to be strong. For the long run, I believe this is a solid company to own, but the shares also will likely perform exceedingly well in the next three months. I'm placing an order to buy 100 shares at $43 or less. Alpha Industries (AHAA) participates in the fast growing gallium arsenide (GaAs) semiconductor market, serving customers in the communications industry. The stock is trading at a substantial discount to similar industry peers, largely due to the company's lower profile. Since I have not written about the company previously, I will profile them in an upcoming journal. For now, I am entering an order to buy 150 shares at $25 or less.