Welcome to Our Stocktraders-ICQ© Tripod Website.
WARNING – After-hours investing involves unique risks. These risks may include greater price volatility, less liquidity, and wider bid/ask spreads than during regular market hours.
The Week Past
Well, we had the Dow down medium last week by finishing -3.2% for the week, the Nasdaq finished the week +2.0%, The S & P 400 was 0.2%, and the S & P 500 was -0.9%. All traders should pay closer attention to their mental stops or plan on riding out some bumps along the way.
This last week was a medium downturn for the Dow and a medium upturn for the Nasdaq. We believe margin is fine to use if you DO NOT margin all your holdings. We feel it would be prudent to have 1/4 of an account on margin at this time.
We believe that a long-term or swing-trader should have NONE of their portfolio on margin at this time. A daytrader could have some margin of up to 1/2 of his holdings if you use tight stops. We want short-term traders to have their stops in a tighter range of –5% to -10% We suggest using -20% stops on your long-term positions at this time.
Well, the Dow was down medium and the Nasdaq finished the week up medium also.
The Economic reports coming this week are: on March 26th at 10:00 AM EST the Existing Home and New Home Sales report will be released; on March 27th at 8:30 AM EST the Durable Goods Orders report will be released and at 10:00 AM EST the Conference Board Consumer Confidence report will be released; on March 29th at 8:30 AM EST the Gross Domestic Product (GDP) report will be released and at 8:30 AM EST the Initial Claims for joblessness report will be released; and on March 30th at 10:00 AM EST The Philadelphia Fed Index and Chicago PMI reports will be released. These reports will rate a C+ - B on a scale of A-F. Everyone should place close attention to pre-market trading and how the futures are acting each morning before the market opens for trading.
IPOs by M_A_Trader©:
Ipos are not coming out now as the market goes lower. There will not be many ipos coming to the market so check them out on at this web site. Click on Ipo Info is a great site to research ipos.WARNING: IF YOU BUY IPOs AFTER THE STOCK OPENS USE LIMIT ORDERS ONLY.
We have heard FRONTIER OIL CORPORATION (NYSE: FTO) may become a takeover candidate at $15-16. This stock would be a very speculative play in the energy sector. Buy under $8 with a mental stop at $5 ½. Only use money you can afford to lose all of it in this type of trade.
The FED fund futures is saying the FED needs to cut rates before the FED meets in May. There is an 60% chance the FED will ease before their next meeting that is priced into the FED funds futures.
”A” Portfolio Stock Report by M_A_Trader©
We have added AXP at $37.50; FRE at $60.50; and XLF at $25.50 to the “A” Portfolio this Monday. All three stocks are in the financial sector. We will report on each of them in the next newsletter.NT
These stocks in our “A” Portfolio all had double digit decreases with the rest of the “A” Portfolio not changing much. . The upper resistance levels for the Nasdaq is 2,000 and then 2,275. Support is at 1,800 and then 1,645. We would like to see the Nasdaq stay above 1,800.
The “A” Portfolio is going to a strict percentage gain or loss sell mode for now with the market fluctuating so much at this time. If a position moves up +20% one-quarter of the position will be sold, at +40% another one-quarter will be sold, and then at +75 to +100% another one-quarter of the position will be sold. That will leave one-quarter of the position to ride the stock higher. We still will use –30% to exit a stock position. Our targets for these stocks are on our Charts page.
We will talk about more of the stocks in the “A” Portfolio in the coming weeks.
All the past additions to the “A” Portfolio are on this page now.”A” Portfolio Additions
Please read our disclaimer about the “A” Portfolio here. ”A” Portfolio Disclaimer
Stock Charts for 2000 and 2001
This page has links to all our stock charts and “A” Portfolio results for 2001.The Charts
After we turn from overall market downward momentum to upward momentum these two Canadian companies should rebound well.
Infowave Wireless (IW:TORONTO) Target US$30 Infowave is well positioned to take advantage of the coming boom in wireless email. Thomas Koll(a current VP at Microsoft) will be starting as the companies CEO on February 15. They have many impressive partners including Intel, Nokia and Compaq. Current market conditions have made this stock very oversold.
Rogers Communications (RCB.A:TORONTO) Target US$42 Rogers is Canada's largest cable television company they also have their hands into providing high speed internet as well as cellular and paging services. The long-term outlook for this company is stable and is likely to see steady growth in a booming industry.
LEAPS® information is now on this page. LEAPS®
Stocks We Like
Research in Motion closed the week at $20 5/8 we have raised our 12 month target to $255 (RIM, TSE) (RIMM, NASDAQ). News for RIMM: “WASHINGTON, D.C. - FOSE, March 20 /PRNewswire/ - Research In Motion Limited (RIM) (Nasdaq: RIMM TSE: RIM), a world leader in the mobile communications market, today announced that the BlackBerry Wireless Handheld(TM) has been awarded the FIPS 140-1Validation for its embedded encryption technology by the National Institute of Standards and Technology. "The BlackBerry wireless email solution incorporates advanced encryption technology that was designed to meet the strict security requirements of both public and private sector organizations," said David Werezak, Vice President, Marketing at Research In Motion. "The FIPS 140-1 Validation by the National Institute of Standards and Technology is an important, and often mandatory, purchasing criteria for many organizations and will help facilitate continued adoption of BlackBerry in the government sector." BlackBerry Enterprise Edition is a proven, secure and complete wireless email solution that integrates the industry's most advanced wireless handhelds with enterprise server software, end-to-end encryption technology, desktop utilities and nationwide wireless networks. BlackBerry Enterprise Edition supports both Microsoft Exchange and Lotus Domino environments and incorporates a unique security architecture that ensures all incoming and outgoing wireless email is encrypted using Triple DES (Data Encryption Standard). Under the Information Technology Management Reform Act, the Secretary of Commerce approves standards and guidelines that are developed by the National Institute of Standards and Technology (NIST) for U.S. Federal computer systems. NIST collaborates with national and international standards committees, users, industry groups, consortia, and research and trade organizations to get needed standards developed. These standards and guidelines are issued by NIST as Federal Information Processing Standards (FIPS) for use government-wide. NIST develops FIPS when there are compelling Federal government requirements such as for security and privacy of sensitive information in Federal computer systems. FIPS 140-1 (Security Requirements for Cryptographic Modules) provides the security requirements that are to be satisfied by a cryptographic module implemented within a security system. The security requirements covered include design, interfaces, authorized roles and services, physical security, software security, key management, cryptographic algorithms, and self-testing. The Computer Security Division at NIST coordinates the Cryptographic Module Validation (CMV) Program that encompasses validation testing for FIPS 140-1. The CMV Program was established by NIST in the United States and the Communications Security Establishment (CSE) of the Government of Canada. All of the tests under the CMV Program are handled by third-party, accredited laboratories.” We are letting RIMM run for our target of $255. Use a trailing stop so you do not get stopped out of RIMM to early if you have some large gains from its lows earlier in 2000. We would like to add RIMM to the “A” Portfolio if it goes below $50 but this is a very risky long-term play on wireless communications. Since we already have PALM a trader may want to add HAND and have all three in their portfolio.We added RIMM at $40 ¼ and today March 28th we added more RIMM at $20.You may have to hold RIMM for 12 – 18 months depending on how the market is doing. RIMM has found partners in AOL and Compaq. Amazon has Crackberry available for $499 with service available at $39.95 per month. RIMM
VIRS (5.31) is a very speculative buy at this time. VIRS is a strong buy if it sinks down to $5 1/2 – 6 1/2 Only buy it if you can afford to lose all you invest in it. The chart for VIRS is looking good so continue to hold this stock for our $25 target. News from VIRS: No new news for VIRS now.
Management and product development strategy is available on Triangle's website at: VIRS
We are adding another blown up stock as a speculative buy. We are adding ZOOX (2.00), as a very risky buy at $3 ½ or lower with a target of $29 in 12-24 months. ZOOX is currently having a slow down in sales year to year. Its new switch for SANS are not selling as well as management expected. New management has been installed but it may take two or more quarters to fix their inventory oversupply. Well, ZOOX has not been doing very good since we recommended it a few months ago. We would average into more of ZOOX and hold for the long-term. ZOOX may be dead money for the next two-three quarters. News for ZOOX this week: “SAN JOSE, Calif. and HANNOVER, Germany, March 23 /PRNewswire/ -- Gadzoox Networks, Inc. (Nasdaq: ZOOX), a supplier of intelligent storage networking products, will participate in the FCIA switch interoperability demonstration during the CeBIT Conference and Exposition in Hannover, Germany March 22-28, 2001. The demonstration will showcase the standards and interoperability accomplishments within the storage networking industry, with switches from Gadzoox Networks, McDATA, QLogic, and Vixel interoperating using inter-switch links (E_Ports). The demonstration will also illustrate the improved routing protocols of several emerging fibre-channel standards on which the interoperability demonstration is based. "We are committed to developing and contributing to open standards with the ANSI work groups, the Storage Networking Industry Association (SNIA) and The Fiber Channel Industry Association (FCIA) with our technical expertise and industry knowledge," said Clark Foy, vice president of Marketing, Gadzoox Networks. "Broad industry implementation of open Fibre Channel standards in 2001 directly satisfies customer requirements for interoperability. The next generation of products based upon these open standards will help drive wider adoption of SANs.” The demonstration is based on two soon-to-be-released open fabric standards: NCITS (ANSI) Fibre Channel Switch Fabric-2 (FC-SW-2) and Fibre Channel Methodologies for Interconnects (FC-MI). The FC-SW-2 standard defines aspects of interoperability such as fabric configuration, path selection, fabric shortest path first (FSPF) routing, name server and management server synchronization, distribution of registered state change notification (RSCN), and exchange of zone information. The FC-MI standard defines interoperability behavior for loop devices, switch devices, fabric behavior, discovery, and management. Once these standards are finalized, the industry can expect switch vendors to start delivering interoperable switches based on FC-SW-2 and FC-MI. Each switch vendor participating in the demonstration has committed product, technical and marketing resources to this interoperability effort. The interoperability demonstration at CeBIT will be followed by a variety of industry events this year in settings where customers, partners and resellers will have an opportunity to see the new standards at work.” Only buy this stock if you can afford to lose your entire investment in ZOOX.ZOOX
Over the next few weeks we will talk about the stocks in our “A” Portfolio. We start with IMNX (12.63). We added more IMNX at $10 7/8to our “A” Portfolio because they still will sell all the Enbrel they can produce and have a waiting list for Enbrel. IMNX News for IMNX this week: “Biopharmaceutical Immunex(IMNX:Nasdaq) was the spoiler today. Last night, the company and its partner, Wyeth-Ayerst Laboratories, a division of American Home Products(AHP:NYSE), said they would halt studies on their blockbuster arthritis drug Embrel for use in treating chronic heart failure. This is hurting the company big time, since analysts saw potential sales of $1 billion if the drug proved to be a successful treatment for heart failure. As is often the case in such scenarios, analysts lined up to scold and punish the stock, with actions coming from Lehman, Credit Suisse First Boston and ING Barings. The stock was one of the most actively traded stocks on the Nasdaq and was down 40.7% to $11.25.”
Corvis Corporation CORV (8.13): No new news on CORV. CORV
Sycamore Networks (SCMR) (10.81): SCMR
Ceragon Networks Ltd. (CRNT $8.13) News for CRNT: “TEL AVIV, Israel--(BUSINESS WIRE)--March 20, 2001--Ceragon Networks(TM) Ltd. (Nasdaq:CRNT), a global provider of high-capacity broadband wireless systems for next generation communications networks, today announced at CTIA Wireless 2001 the expansion of the FibeAir(TM) product family to utilize multiple modulation schemes, including 16, 32 and 128 QAM. Extending the FibeAir product family's modulation schemes enables service providers to optimize their wireless deployments to easily meet the emerging needs of the metropolitan area market. This announcement coincides with the introduction of Ceragon's new FibeAir 1528 system. The FibeAir 1528 is an OC-3/STM-1 broadband wireless networking product that utilizes a 128 QAM modulation scheme. Broadband wireless service providers can now benefit from having a modular product family with 16, 32, and 128 QAM modems. The extended FibeAir product family increases the flexibility of Ceragon's offering by giving service providerswide series of solutions according to capacity, range and bandwidth requirements, while supporting FCC and ETSI standards. FibeAir products now enable broadband wireless service providers to choose either the 16 QAM modem, for increased range, or the new 128 QAM modem for increased spectral efficiency. "Ceragon's vision has always been to provide modularity in our products so our clients can build networks that meet their needs," said Shraga Katz, president and CEO, Ceragon Networks. "Service providers can now deploy a combination of FibeAir systems according to power, range and bandwidth requirements." "To survive in today's market, service providers need all the flexibility and long-term value they can get from their networks," said Paul Kellett, senior director, research, Pioneer Consulting, LLC. "Systems that support multiple modulation schemes give providers flexibility in power, range and spectral efficiency that allows them to generate maximum value from their network investments.” CRNT
Capstone Turbine Corp. (CPST $30.06) News for CPST: “WOODLAND HILLS, Calif.--(BUSINESS WIRE)--March 21, 2001--In an unprecedented partnership between the South Coast Air Quality Management District and the Los Angeles Department of Water and Power, the City of Los Angeles Board of Water and Power Commissioners unanimously approved a 4 million purchase of 141 microturbine power systems from Capstone California, a newly formed subsidiary of Capstone Turbine Corp. (Nasdaq:CPST). Once installed at a variety of Los Angeles area facilities, these distributed generation systems have the capacity to generate a total of more than four megawatts, enough electricity for about 4,000 homes. "The combined support and endorsement of both the LADWP and the SCAQMD for our ultra-low-emission power systems is very high praise," said Mike Tingus, president of Capstone California. "The SCAQMD is world-renowned for their leadership in creating and maintaining clean air standards in Southern California, and the LADWP is one of the best-managed, most forward-thinking utilities in the nation. "The LADWP in particular has been a consistent island of reliability throughout the California power crisis, and they have a strong commitment to green energy sources. This deployment of Capstone MicroTurbines to reduce power draw on the grid is yet another example of their leadership in power management and customer support." The Capstone Model 330 creates 30 kilowatts of power from a variety of fuels, including natural gas, propane, diesel, kerosene and methane-based gases from sources such as landfills, oilfields and wastewater treatment plants. Capstone MicroTurbines can be installed onsite at businesses and public facilities to reduce demand on the electric power grid. Tingus said the units will be delivered to the LADWP starting immediately and continuing through May.” CPSTWe added more CORR to the “A” Portfolio this last week at $18 ¼. News from CORR: “COR Therapeutics, Inc. (Nasdaq: CORR) $26.38 Buy Michael King, Biopharmaceuticals "The ACC meeting kicked off this weekend with a series of corporate- sponsored symposia on Saturday. COR hosted a meeting for physicians Saturday night and presented positive data from the INTEGRITI trial which examined the use of Integrilin plus Genentech's TNKase in the treatment of ST elevation myocardial infarctions," said King. "We further believe the theme of increasing invasive strategies to treat ACS will lead to continued growth of Integrilin. IMS data remains on track for a strong year. After the recent hiccup in sales, we expect Integrilin growth to be strong for the rest of the year. We reiterate our Buy rating.”
“ORLANDO, Fla.--(BW HealthWire)--March 19, 2001-- COR Therapeutics, Inc. (Nasdaq: CORR) Announces Results of the Dose-Ranging Phase of the INTEGRITI Study Results announced this weekend at a symposium preceding the 50th Annual Scientific Session of the American College of Cardiology from a study of patients with ST-segment elevation myocardial infarction (commonly referred to as heart attack) showed that the anti-platelet agent INTEGRILIN(R) combined with a half dose of the single-bolus fibrinolytic agent, TNKase(TM), fully restored blood flow through blocked arteries supplying oxygen-starved heart muscle in 70 percent of patients (n47) within 60 minutes of initiation of therapy. Previous studies of full-dose fibrinolytic agents, commonly referred to as clot busters, have reported that less than 50 percent of heart attack patients achieved normal restoration of blood flow within 60 minutes. The combination was also demonstrated to restore blood flow to some degree in 96 percent of patients within 60 minutes of initiation of therapy. Previous studies of full-dose fibrinolytics have reported that less than 80 percent of patients achieved some restoration of blood flow through blocked arteries at 60 minutes.”
COR Therapeutics, Inc. is engaged in the discovery, development and commercialization of novel pharmaceutical products to establish new standards of care for the treatment and prevention of severe cardiovascular diseases. For the FY ended 12/31/00, revenues rose 85% to $104.7M. Net loss fell 36% to $16.7M. Results reflect increased copromotion revenue related to sales of INTEGRILIN by Schering, partially offset by increased personnel expenses. CORR
With the Market being so volatile, a trader should have some close mental stops in the stocks they buy. We suggest a mental stop of 20% is used where appropriate.Income and Bonds
We recommend buying utilities based in Florida and not any utilities based in California. The reason is California based utilities do not produce enough of their own power and have to go onto the open market to buy power during peak usage. California utilities are having trouble and two of them Edison Intl. (EIX) and P G & E Corp. (PCG) are having problems so stay away from them for now. The authorities in California granted EIX and PCG some rate increases for the next 90 days but it may not help those two utilities enough in their cash flow and they still may end up in bankruptcy. We would stay away from any power generators that supply power to any California utilities at this time. For a person needing some income be sure to look into electric utilities for some bargain buying opportunities to take advantage of the high dividend paying utilities. We would buy 10-year treasuries for income and some appreciation if interest rates were lowered more this year. We recommend 3-6 months Treasuries because they are currently yielding 4.0%. CEI yield has gone down to 9.8% but it is still a buy for its yield and our target is $35. We also like these two reits: CRE yielding 6.5% CarrAmerica Realty is a REIT that focuses primarily on the acquisition, development, ownership and operation of office properties in suburban growth markets in the U.S. Forthe FY ended 12/31/00, revenues rose 8% to $558M. Net income from continuing operation fell 3% to $147.2M. Revenues reflect the development of properties being placed in service and higher occupany rate for store properties. Earnings were offset by a lower gain on the sale of assets. CRE and SPG yielding 7.81% Simon Property Group, Inc. is a self-administered and self-managed REIT company, primarily engaged in the expansion & development of real estate properties, primarily malls and shopping centers. For the fiscal year ended 12/31/00, revenues rose 7% to $2.02B. Net income before extra item & acct. change, applic. to Common and limited partners rose 14% to $347.4M. Revenues reflect the CPI merger. Net income reflects gains vs. losses on RE sales. SPG
Stocks for 2001
The new stocks we have added to our charts for 2001 are: INSP; IMNX; ICOS; TQNT; TGEN; SBUX; RSTA; CRXA; COST; WM; ISLD; MCOM; CHKP; EMLX; ITWO; MANU; JNPR; MUSE; VRTS; QLGC; VRTY; ACRT; AREM; CHCS; INRS; PWER; PDII; SNWL; CHEZ; KO; CORV; GPS; GSPN; MDT; MRCY; AMCC; VTSS; XLNX; BKE; MYGN; CHIR; APC; DVN; JNY; MCLD; NBR; PTEN; QQQ; and TXN. We dropped the following stocks: T; EWEB; ROWE; SGAI; PCOR; PCNTF; ICY; AND LU. You will notice there we be more sections in the charts section of the website. We still will have sections called 12 month, Like, and Tracking. With new sections for Beaten up stocks from 2000, an ADV section for stocks new to our Newsletter, and a section called Dogs of the Dow. Dogs of the Dow are five stocks chosen from the Dow Jones Average of 30 stocks that has shown to beat the market over the past few years.
Some the company’s reports written about Stocks 2001 in the newsletter are here Stock Picks 2001
With the Market being so volatile, a trader should have some close mental stops in the stocks they buy. We suggest a mental stop of 30% is used where appropriate.
Readers will notice all our stocks we follow are on a separate page and we will list prices to purchase stocks at and a target price that we feel the stocks have of reaching in 12 months.