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To: Mao II who wrote (2922)2/4/1999 6:34:00 PM
From: Dale BakerRespond to of 118717
 
Sex sells, as usual: bloomberg.com

I am taking my modest profits in XYLN, which should guarantee a buyout as soon as my sell order goes through. Otherwise it has tried and failed to break 22 too many times. Tightening up stops in RNWK, CMGI and PLCM. Everything else I will just let ride.

I will get back into VTSS at 43 and add to FNDTF under 21 if I can get it.

That should leave me in reasonable shape for the week ahead. Somehow I think we will have a clearer sense of the market's direction after President's Day, especially if the impeachment nonsense is dead and buried by then.

For Friday, INSP beat estimates and PCNTF debuts as a new IPO. Too bad I can't take bets on whether E*Trade will make it past the first hour of trading.



To: Mao II who wrote (2922)2/4/1999 6:57:00 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
PRI Automation Inc. (PRIA) rose 3 13/16, or 10 percent, to
40 15/16. The chip-equipment maker was raised to ''outperform''
from ''buy'' by analyst Jay Deahna at Morgan Stanley Dean Witter.
Deahna said PRI will benefit most of all chip-equipment makers as
the semiconductor industry moves to 300 millimeter wafers from
200mm during the next two years. He said the stock should hit $50
in the next 12 months.

M2, is PRIA on your target list for the 300mm upgrade cycle?

Also looking at LU where I see a big triple top in the chart and the makings of a downward channel, then I see this:"Telecom equipment maker Lucent Technologies (NYSE:LU - news) lost $7 1/8 to $102 7/8 as Lehman Brothers reiterated its "neutral" rating, saying the company's share price is "ahead of itself," according to Reuters."

Looks like decent short-bait tomorrow if the techs aren't roaring back by mid-morning.



To: Mao II who wrote (2922)2/4/1999 8:28:00 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
I was researching shorts for tomorrow and PQT comes out close to the top of the list. Look at all the crap in their latest filing:

sec.gov

No money, discount convertibles, going concern clause, no Y2K compliance...what a mess. I'm surprised they didn't include a warning about bad breath too.

I'll watch it at the open and see if E*Trade can get some shares. hasn't been over 5 in a while so they should be available. Once it's de-listed, say goodnight Gracie.