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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (254)	5/18/1999 9:37:00 PM
From: Ken W	Read Replies (1) \| Respond to of 1316

Sergio: Following the format I hope: TRADE: buy CELL at 6.00 on 5/19/99. This is a fairly FA sound stock with a book value of just over 12 dollars and increase in cash and equivilents of over 10MM up from last year. The co is in the cell phone wireless industry which has a 50% growth rate over the next 12 months. CELL has been beaten up horrilbly by the street due to a good deal of its business being in Asia and South America. As those two areas turn their economies around CELL will have the contacts and contracts already in place to benefit. CELL is the exclusive distributor of Air Touch products and handsets. TA wise this has got to be the most oversold stock I have ever seen. After the last earnings report the stock was breaking over its moving average at 7 1/4 on over 4 million shares..since then the MM gapped the stock down to 6. It settled at 5.50 making a double bottom. The stock appears to have done the repair work needed to make a run back to higher levels. The volume has increased over the last few sessions. Stock100 has placed a short (5 to 7 day) target of 7.75 with a bit longer of 9 target. I agree with that analysis as 9 is right at the end of the present moving average where the most resistance should be. I own the stock at 7.25 and at 6. Ken