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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (317)	5/25/1999 1:04:00 PM
From: John S. Baker	Read Replies (1) \| Respond to of 2514

Hello, Rajiv ... interesting to see you over here. (You may recall our discussions from the RNTK and ALTIF threads, among others.) Recognizing that it is not my responsibility to defend Joseph Charles & Assoc, here is what I do know about them. I have had very good success with Joseph Charles's picks since late last fall. Got me into CUST at below $10, TMN for a nice January-effect recovery, WORK and OPEN at well below current prices (positions still open), and most recently PCTL. They also recommended ANK and TTN, but I had already picked and bought those two independently (my ANK now closed out). This is the only brokerage house which has done better for me than my own portfolio. Early on I spoke with the analyst who told me (from memory now) that he was interested in finding undervalued stocks, adding that there are a lot of undervalued stocks out there and the secret was to select the ones which have a reason to go up (or to reach a more reasonable valuation). He seems to be interested in discovering inherent asset value which, for one reason or another (usually accounting reasons), does not show up in the actual book value. This was the case in ANK, for instance. He also apparently also puts great strength on both insider buying and "relationships" with movers and shakers in related industries. Given this description, it seems unlikely that there will be any billion dollar cap companies in their grab bag. FWIW, my CUST is now all "house money" (in the Las Vegas vernacular), and I probably would not be a major new buyer right now. Warmest regards, JSb.