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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Brotnov who wrote (4278)2/8/1999 12:13:00 AM
From: Carl Worth  Read Replies (1) | Respond to of 6445
 
Bruce-

The more I look into the energy stocks, the less enthused I become. I like the way the charts of the bigger players look, but clearly the fundamentals do not look good at this point. The thing I wonder about is whether just about any possible bad news (other than cars that run on water) has been discounted in these stocks. It's hard to imagine oil staying at $10 to 12 a barrel for a long time.

Right now I'm not too eager to jump into anything, so if I did play one or two of these, it would be with a tight stop. I'd be more likely to go into smaller stocks that haven't participated yet where the risk is low and holding is more comfortable if we do get a downturn. Otherwise, cash is fine for now. :)

Carl



To: Bruce A. Brotnov who wrote (4278)2/8/1999 9:33:00 PM
From: James R.Gross  Read Replies (1) | Respond to of 6445
 
Construction Stocks,

Bruce, I seen your post and was going thru my lists, STVI came up.
After market closed it reported good earnings. They also just landed
a huge contract. At 8 5/8 it looks cheap. Fortune had it on its top
100 list recently I believe. The only bad thing is it does not trade
much. Anyway I believe it should run good tomorrow.
One other, from list that caught my eye was RAIL, not construction
but looks to be growing.
Just wanted to see if these could help as I took a position in TEXM
on your rec.,and Thank you very much, another big contract for them
today. This is good to buy more on any dips or market correction.
Thanks Jim