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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Seuss who wrote (4427)2/11/1999 6:54:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
CPU and ABTE should both be watched closely.

CPU (also known as "Rover"...woof woof) a stock that should now be trading north of $20. The stock seems pinned to the pavement yet business is getting better and plans are going ahead to spin off the CompUSA direct division. Message boards are filled with critics with odd complaints about CPU customer service and dire predictions about the stock collapsing to 8 a share. I consider it perhaps one of the best "no brainer" bargains on the NYSE. No matter how many times it keeps flopping to 10, 11, 12 a share KEEP BUYING and BE PATIENT!!!

ABTE a bankrupt company which is now way past due for filing its 10-K. The stock should be trading near or at zero right now, yet gullible investors are struggling to prop it up at 10 a share. The trading pattern sugests that large shareholders are sneaking out the backdoor while the rest of the victims console themselves about how the shorties will "get theirs" as soon as "big news" is announced (where have we heard this before?) Asensio believes that the 10-K will prove the company is bankrupt and I concur. This is a gift and should be shorted immediately.