To: Robert Meany who wrote (1577 ) 4/18/1999 7:12:00 PM From: stockid Read Replies (1) | Respond to of 1999
We are going to have a good week. I'm adding to my position. The Clovus Reportclovus.com March 18, 1999 Oil prices surged last week as war in the Balkans heated up. Leaders of Venezuela and Colombia face anarchy! U.S. markets approach a technical top as the Military Reserves are called up! The political situation in Venezuela and Colombia got worse last week as President Hugo Chavez threatened to dissolve parliament and the Supreme Court. In the meantime guerrillas in Colombia from the ELN kidnapped an entire airline flight of Avianca Airlines, in what is now known as the (miracle fishing) Pesca Milagrosa! This anarchy in both countries could further heighten e Wall Street's concern and drive up the short-term price of crude oil. The oil drillers like Global Marine and Diamond Offshore will benefit from the increase in oil prices. In a discussion with Ken Brown of kwbrowninvestments.com he stated that his feelings of the oil spike was short-covering. I feel the volume increase on Friday suggests of a technical breakout of upper resistance. Only Monday will tell.(clovus) In the Telecom's S B.C. communications and Bright Point announce earnings this week. I have noticed a lot of insider buying in a BrightPoint CELL and a fund manager also added 1 million shares recently. This insider buying plus the volume increase on Friday indicate that CELL will be heavily traded on Monday. IPO's and Private Placements are available at clovus.com This Market Letter is for Accredited Investors only! It is by subscription only! I feel the market is at a technical top with a divergence into cyclical stocks. However, this bull market waits for no one, and one cannot afford to be on the sidelines. Timing the market is impossible but the technical indicators do show of an eminent sell-off. The technology sector sold off last week with the downward spiral of the box makers leading the forefront. The Clovus Portfolio: We have had or have an interest in the following stocks. Long Term and Day trades. Walt Disney, Global Marine, Ciena , Novell, Brightpoint Communications, Cyberian Outpost, Southwest Airlines, National Semiconductor. Alacatel Looking to Buy on weakness: Monsanto, Abbott, Circus Circus, Mirage, AMR, Spyglass, Sun Microsystems Biogen, Boeing. Daytraders and internet stocks. T.V.V.P analysis. :Highly volatile stocks that should be momentum plays on Monday! Be aware of Volume decreases: CELL 5 13/16 KRON 29 EXDS 80 5/8 BGEN 105 1/2 PMCS 84 1/16 RATL 30 5/8 SUNW 54 15/16 ETEK 44 13/16 AMGN 66 13/16 BR 42 5/8 CERN 16 3/8 MTC 42 5/16 LGTO 37 1/2 ITRA 40 1/8 SBC 42 3/16 SBTK 17 1/4 TXN 169 7/8 G 50 ENE 69 1/2 GLM 12 13/16 NSM12 1/4 DO 32 3/16 SWK 32 15/16 HAL 41 3/8 SLB 61 3/16 USWB 28 1/2 ( disclaimer) This is not a solicitation to buy or sell securities. The Clovus Report is meant to be used as a research tool. We suggest that all readers do the due diligence required in order to invest . The Clovus Reportclovus.com STOCK