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

To: Trader J who wrote (3711)	1/9/1999 10:23:00 PM
From: Trader J	Read Replies (2) \| Respond to of 56535

All: Just a reminder that we are entering into Earnings season soon and keep this in mind as you enter position trades. You do not want to get stuck by being in an issue when earnings come out unless you fell they will be the whisper numbers. It is not enough to beat median estimates any longer, you must beat the whisper ..... unless you are an internet stock and then earnings don't mean a thing. :o) TJ

To: Trader J who wrote (3711)	1/9/1999 10:36:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

MLG - This is a stock that I have been sitting on for about a week now delaying bringing it to the thread. Great potential here for a number of reasons....especially as a position trade. Price/Sales ratio is .2. Look at recent earnings announcements from past two quarters and same store sales numbers from Mall stores and Superstores.......both are very good. Earnings have seen drastic improvement quarter over quarter and this could be their breakout quarter. But they have a nice P/E as is. Float of 20.0M, this would be more attractive if lower but I can accept it here. Recent upgrade as well. Insider activity could be better but not that bad. The real kicker is that they will be announcing their web site relatively soon, I am still trying to get a date on this but was supposed to be in Dec. before it was delayed, I believe, until January. This should provide some upward momentum and right now, no one is talking about this stock. A friend of mine has been trading this thing forever and says it is very predictable and easy to trade with nice intraday swings. Coming off of a couple of weak days, so wait for the weakness to bottom out the stock before playing. I suggest this one as a trader to a position trade based on website announcement. Will post more DD as I receive it. Will be calling IR. TJ