Welcome to Our stocktraders-icq.com© 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 last week by finishing -0.1% for the week, the Nasdaq finished the week +3.1%, The S & P 500 was +0.3%, and the Russell 2000 was +2.0%. 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 small 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 1/2 of an account on margin at this time.
We believe that a long-term or swing-trader should have 1/3 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 small and the Nasdaq finished the week down large.
Last Weeks Economic News
The Economic reports coming this week are: on June 4th at 12:00 AM EST the Truck and Auto Sales reports will be released and on June 7th at 8:30 AM EST the Initial Claims for joblessness report will be released.
This Weeks Economic News
The reports are: on June 13th at 8:30 AM EST the International Trade report will be released and at 8:30 AM EST the Retail Sales report will be released; on June 14th at 8:30 AM EST the Business Inventories report will be released, at 8:30 AM EST the Initial Claims for joblessness report will be issued, and at 8:30 Am EST the Producer Price Index (PPI) report will be released; and on June 15th at 8:30 AM EST the Consumer Price Index (CPI) report will be released and at 9:15 AM EST the Industrial Production report will be released. These reports will rate a C- to A 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 $9 with a mental stop at $6 ½. Well, FTO is at $12.45 on May 15th so we would recommend a trader sell ¼ of their holdings and take some profits off the table if they bought below $9. Hold the rest for our $16 target and move the stop up to $11.75. Only use money you can afford to lose all of it in this type of trade.
FTO hit our stop of $11.75 on May 23, 2001 so if you still hold some FTO you should have been stopped out at a nice gain.
FTO hits $17.00 for a high on June 6, 2001 so it did our target of $16.00.
The FED cut rates 50 basis points on May 15, 2001. The Fed will next meet on June 26-27, 2001. We are looking for a 25 basis point rate cut at that time.
”A” Portfolio Stock Report by M_A_Trader©
We added more MDT at $41.25 and AAPL at $23.25 to the “A” Portfolio on May 23rd, 2001.
AAPL ($20.80) News for AAPL: No new news for AAPL. AAPL
We added MDT at $43.86; ISIL at $29.75; RETK at $29.75; and CTLM at $30.75 to our “A” Portfolio.
Here is some information on the above four stocks.
MDT ($44.52): Medtronic, Inc. News for MDT: “MINNEAPOLIS--(BW HealthWire)--June 7, 2001--Broadening the range of its family of balloon catheters, Medtronic, Inc. (NYSE:MDT) today announced the U.S. launch of its R2(TM) Rapid Exchange Balloon Dilatation Catheter With Perfusion Technology and its counterpart, the D2(TM) Over-The-Wire Balloon Dilatation Catheter. Both the R2 and the D2 are now available for immediate shipment in the U.S. The R2 and the D2 low compliance, extended pressure balloon catheters join the R1 and D1 semi-compliant balloon catheters, thus expanding the range of balloon angioplasty treatment options now available from Medtronic. The R2 and D2 carry over many of the same delivery-enhancing features of the R1 and D1, while incorporating the strongest performance characteristics of both semi-compliant and non-compliant balloon catheters. The result is a highly versatile solution that meets both patient needs and physician preferences. "Medtronic's commitment to developing best-in-class' vascular products that score high in performance and deliverability is carried through to our family of balloon catheters, including the R2 and D2," said Andy Rasdal, president of Medtronic Vascular. "With this launch, physicians will soon enjoy the versatility these balloon catheters offer." The primary difference between the R2 and D2 versus other products now available on the market is its balloon material, AVEd Plus. Based upon the semi-compliant AVEd material used for R1 and D1, the AVEd Plus material offers low compliance and an extended pressure range - without compromising profile, flexibility, trackability or refold capabilities. The R2 and D2 carry over the following characteristics from the R1 and D1: -- Selective Dura-Trac Hydrophilic Coating. The Selective Dura-Trac coating is designed to provide the right balance of lubricity and traction, so that the balloon can cross lesions more easily, as well as retain its position once it has reached the lesion. -- Intelligent Balloon Folding. This technology optimizes the R2 and D2's refold capabilities by tailoring the number of folds to the specific size of the individual balloon catheter. This technology also helps create one of the lowest crossing profiles available for single or repeated inflations. -- Flexible, Tapered Tip Design. The unique tip of the R2 and D2 enables the balloon to track smoothly across the guidewire and cross the lesion. The R2 rapid exchange with perfusion capability and the D2 over-the-wire balloon catheter families are available in lengths of 10, 16, 20 and 30 mm. and in diameters ranging from 1.5 to 4.0 mm., with quarter sizes available. The R1 and R2 families offer perfusion capabilities at an average rate of 2cc/minute at nominal pressure. Balloon catheters are used to treat coronary artery disease. During a percutaneous transluminal coronary angioplasty (PTCA) procedure, a balloon catheter is threaded through the femoral artery to the site of the lesion and inflated to compress the plaque associated with coronary artery disease against the artery's walls, thus restoring blood flow. About 850,000 PTCA procedures take place in the United States each year, and the annual U.S. market for PTCA procedures (including stents, balloons, guidewires, guide catheters and accessories) is estimated at 2.2 billion.” MDT
CTLM: Centillium Communications. News for CTLM ($22.80): No new news for CTLM CTLM
ISIL ($37.11): ISIL News for ISIL: No new news for ISIL. ISIL
RETK ($37.58): etek Inc. News for RETK: No new news for RETK. RETK
We have added AXP at $37.50; FRE at $60.50; and XLF at $25.50 to the “A” Portfolio a few weeks ago. All three stocks are in the financial sector. Here is some information on all three companies.
AXP American Express ($40.99). News for AXP: No new news for AXP. AXP
FRE ($67.95) News for FRE: No new news for FRE. FRE
Financial Sel Sect Spdr Fd (AMEX: XLF $28.44) is a sector spider traded on the AMEX.
The upper resistance levels for the Nasdaq is 2,350 and then 2,575. Support is at 2,200 and then 2,100. We would like to see the Nasdaq stay above 2,100. The Dow has support at 11,000 and then 10,900. Resistance is at 11,300. The Dow is going under 10,900 support so we would like the Dow to stay above 10,775.
We have been using this as a guideline only. We are holding some stocks with a loss of over –30%. If this market breaks down lower we may dump some of the losing stocks that are in our “A” Portfolio. 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
The Charts page will be up and running by the end of June 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 $32.82 we have lowered our 12 month target to $155 (RIM, TSE) (RIMM, NASDAQ). News for RIMM: We are letting RIMM run for our target of $155. 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. News for RIMM: No new news for RIMM. RIMM
VIRS (4.58 ) is a very speculative buy at this time. VIRS is a strong buy if it sinks down to $4 1/2 – 5 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 $35 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 (3.02), as a very risky buy at $2 ½ or lower with a target of $29 in 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., June 6 /PRNewswire/ -- Gadzoox Networks, a supplier of intelligent Storage Area Network (SAN) products, has announced that it will be demonstrating its 2 Gb Open Fabric SAN switch, Slingshot, at the Fibre Channel Industry Association's (FCIA) Fibre Channel European User Symposium from June 6-7, 2001 in Maastricht, The Netherlands. Slingshot enables customers to build a complete 2 Gb SAN infrastructure and boosts application performance, which is crucial for streaming media and new applications such as uncompressed high definition video (HDTV). Streaming media and backup applications will be demonstrated at the FCIA-E Mobile Technology Center, Booth 69 and 71. Slingshot will be the only 2 Gb Open Fabric SAN switch participating in this demonstration and will be connected to 2 Gb host bus adapters and 2 Gb storage. Slingshot will also be participating in an interoperability demonstration that highlights the new open fabric switching standard, FC-SW-2, in the FCIA-E, Booth 69 and 71. Slingshot conforms to the FC-SW-2 standard, which enables switches from different vendors to work together to route data and share management information, giving customers the freedom to combine best-of-breed products. In addition, Slingshot will be at Xyratex, Booth 60, in a storage virtualization demonstration. This exhibit will demonstrate how virtualization can address many of the key issues in SAN management, allowing storage to be managed separately from servers.” Gadzoox Networks is a voting member of the Storage Networking Industry Association (SNIA), with corporate headquarters located at 5850 Hellyer Avenue in San Jose, California. For more information about Gadzoox Networks' products and technology advancements in the SAN industry, visit the company's Web site at http://www.gadzoox.com . Only buy this stock if you can afford to lose your entire investment in ZOOX.ZOOX
We are looking at adding IOM Iomega Corp. ($2.58) to our “A” Portfolio under $3.00. It has come out with a new storage device for home computers that will hold 10-20 Gigs of data. IOM is another beaten up high tech stock so only invest money in it you can afford to lose all. We added IOM at $2.82 to our “A” Portfolio.
Iomega Corporation designs, manufactures and markets innovative storage solutions, based on removable-media technology for personal computer & electronics device users. IOM
News for IOM: No new news for IOM.
For more information about the Iomega Peerless drive system, please visit Peerless. Price and availability The Iomega Peerless drive system can be ordered today by residents of the U.S. through Order Shipments to international regions are expected to begin at the end of May. The drive with interface module retails for 249.95 (U.S. suggested retail price). Individual Peerless disks can be ordered today for 159.95 (10GB) and 199.95 (20GB) (U.S. suggested retail prices). The base station bundled with an interface module and a 20GB disk retails for 399.95 (U.S. suggested retail price). The base station bundled with an interface module and a 10GB disk retails for 359.95. FireWire interface modules are expected to be available within weeks.”
Over the next few weeks we will talk about the stocks in our “A” Portfolio. We added more IMNX ($15.93) to 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: No new news for IMNX.
Corvis Corporation CORV ($5.80) News for CORV: No new news on CORV. CORV
Sycamore Networks (SCMR) ($10.80) News for SCMR: No new news on SCMR.
Ceragon Networks Ltd. (CRNT $3.25) News for CRNT: No new news for CRNT. CRNT
Capstone Turbine Corp. CPST ($27.84) News for CPST: No new news for CPST. CPST
CORR ($30.27) News from CORR: “SOUTH SAN FRANCISCO, Calif.--(BW HealthWire)--June 6, 2001--COR Therapeutics, Inc. (Nasdaq:CORR) announced today that it has entered into an agreement for the sale of 250 million of Convertible Senior Notes (300 million if the over-allotment option is exercised in full) through a Rule 144A offering to qualified institutional buyers. These Notes will be convertible into COR Therapeutics common stock at a price equal to 40.10 per share, subject to adjustment in certain circumstances. The Notes will bear an interest rate of 4.5 percent per annum, will have a five-year term and will be redeemable by the company any time after June 15, 2004. COR Therapeutics has agreed to file a registration statement for the resale of the Notes and the shares of common stock issuable upon conversion of the Notes within 90 days after the closing of the offering. The offering is expected to close on June 11, 2001, subject to certain closing conditions. The Notes and the common stock issuable upon conversion of the Notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended. The statement in this press release regarding the closing of the offering is a forward-looking statement that involves risks and uncertainties, including but not limited to the risk that the closing may not occur due to the failure of required conditions to occur.” CORR
Three recent additions to the “A” Portfolio are being reported on.
EMBT ($28.38): News for EMBT: No new news for EMBT. EMBT
PALM ($6.03) News for PALM: “MONTE CARLO, Monaco, June 7 /PRNewswire/ -- Bringing the Bluetooth short-range wireless communication standard one step closer to reality for Palm(TM) handheld computers, Palm, Inc. (Nasdaq: PALM) today announced the Palm Bluetooth Card here at the Bluetooth Congress 2001. The card, somewhat larger than a postage stamp, will enable quick, easy and secure local communication (within 10 meters, or 30 feet) between Palm handhelds and other Bluetooth-enabled devices, such as mobile phones, laptops, printers, network hubs and other handhelds. Designed using the open industry-standard Secure Digital Input/Output (SDIO) specification, the Palm Bluetooth Card can be slipped into Palm products that have the SD/MultiMediaCard expansion slot, currently the Palm m500 and m505 handhelds. The card, jointly developed between Palm and Toshiba, a leader in the development of SDIO add-ons, is expected to be available before the end of the year for 150 or less (estimated U.S. street price). The Bluetooth wireless communication standard -- supported by industry leaders such as IBM, Ericsson, Nokia, Toshiba and Intel -- was developed to encourage the adoption of wireless communications worldwide. The Bluetooth standard is a specification for small form-factor, low-cost, short-range radio links among devices, allowing a variety of portable and mobile computing products to talk to each other across platforms. "Bluetooth has the ability to change the way we work, share information and interact with each other," said John Cook, senior director of product marketing for Palm, Inc. "As Bluetooth-enabled products become more pervasive, we believe they will inspire people to create a new class of products and services that we can only begin to imagine." A Wireless Bridge to the Internet One of the initial uses of the Palm Bluetooth Card will be to wirelessly connect handhelds with mobile phones. For example, a woman who wants to dial up the Internet or her corporate network might have a Palm handheld in her hand and a Bluetooth-enabled mobile phone in her purse. Using Bluetooth communications to connect to the phone, within seconds she could send and receive email, use web clipping applications, browse the web for information, or send instant messages -- all without opening her purse. "This is only the beginning," Cook said. "Much the way modems changed personal computers from isolated computing machines into pervasive communications tools, we believe Bluetooth will open a new era in interoperability among devices and collaboration among people.” PALM
CMRC ($6.17): News for CMRC: No new news for CMRC. CMRC
HAND ($7.95) Handspring, Inc. News for HAND: No new news for HAND. HAND
CHIR ($49.86) Chiron Corp. is a biotechnology company that is developing products for preventing and treating cancer, infectious diseases and cardiovascular disease. News for CHIR: “EMERYVILLE, Calif., June 7 /PRNewswire/ -- Chiron Corporation (Nasdaq: CHIR) announced today that it has agreed to the sale of Liquid Yield Option(TM) Notes (LYONs). The Company anticipates gross proceeds of 400 million, and will use those proceeds for general corporate purposes. The initial purchaser of the 30-year LYONs will also have a 30-day option to purchase additional LYONs to cover over-allotments, which would give Chiron up to approximately 100 million additional gross proceeds. Terms of the LYONs include a yield-to-maturity of 2 and an initial conversion premium of 45. The LYONs may not be called for redemption by Chiron for five years. Holders of the LYONs will have the option to require Chiron to purchase their LYONs at accreted value in years three, five, 10, 15, 20 and 25. Chiron may choose to pay redemption purchase price in cash and/or common shares. This notice does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers of the securities will be made only by means of a private offering memorandum. The LYONs and the shares of Chiron common stock issuable upon conversion have not been, and will not be, registered under the Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release is being issued pursuant to Rule 135c under the Securities Act of 1933. This news release contains forward-looking statements that involve risks and uncertainties, including potential changes in market conditions. A full discussion of the company's operations and financial condition, including factors that may affect its business and future prospects, is contained in documents the company files with the SEC, such as Forms 10-Q and 10-K. These documents identify important factors that could cause the company's actual performance to differ from current expectations, including the outcome of clinical trials, regulatory review, manufacturing capabilities and marketing effectiveness.” CHIR
MLNM ($38.69) News for MLNM: “CAMBRIDGE, Mass., June 7 /PRNewswire/ -- Millennium Pharmaceuticals, Inc (Nasdaq: MLNM) announced today that its presentation to the Goldman Sachs Healthcare Conference will be webcast live and may be accessed at Conference The user name to access the webcast is conference/conf8, and the password is goldman8. Millennium senior management will provide an overview of the Company. The presentation will be delivered at 2:00 p.m. (Pacific Time) on Tuesday, June 12th, from the Ritz-Carlton Laguna Niguel in Dana Point, California. A replay of the webcast will be available 24 hours after the presentation for a period of two months. Millennium, a leading biopharmaceutical company, applies its comprehensive and integrated science and technology platform for the discovery and development of breakthrough therapeutic and predictive medicine products, with a goal of delivering personalized medicine. Through the industrialization of this gene-to-patient platform, Millennium is also striving to accelerate the process of drug discovery and development. Headquartered in Cambridge, Massachusetts, Millennium currently employs more than 1,400 people.” MLNM
JDSU ($16.05) News for JDSU: “OTTAWA, Ontario and SAN JOSE, Calif., June 8 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU Toronto: JDU) today announced simultaneous and archived webcasting for four corporate presentations in the coming weeks. All of the webcasts can be accessed at JDSU under Investor Relations/Webcasts & Presentations. CIBC World Markets "The Communications Food Chain" Tuesday, June 12, 2001 at 10:15 AM Eastern Time First Union Securities Nantucket Equity Conference Tuesday, June 26, 2001 at 10:15 AM Eastern Time William Blair 21st Annual Growth Stock Conference Tuesday, June 26, 2001 at 11:30 AM Eastern Time Thomas Weisel Partners Growth Forum 3.0 Wednesday, June 27, 2001 at 5:00 PM Eastern Time JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase is traded on the Nasdaq National Market under the symbol JDSU, and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at: JDSU
MYGN ($74.19) News for MYGN: No new news for MYGN. MYGN
PFE ($43.51) Pfizer Inc. News for PFE: No new news on PFE. PFE
New stocks for this newsletter and to our “A” Portfolio.
EXTR ($32.10) Extreme Networks provides switching solutions that meet the needs of enterprise local area networks, via utilization of ASIC semiconductors throughout the product line. News for EXTR: “ATLANTA, SUPERCOMM, June 5 /PRNewswire/ -- Delivering on its strategy to extend Ethernet across the global network, Extreme Networks, Inc. (Nasdaq: EXTR), today introduced the availability of new WAN and VDSL modules for the Alpine(TM) platform that allow for high speed Ethernet Layer 3 switching and IP services over wide area networks (WAN) over voice-grade cabling. Ethernet in the first mile removes the complexity of delivering broadband services to business and consumer markets. The two new modules give service providers and large enterprises a transport independent Ethernet service delivery platform for the access network and WAN. "We are continuing to deliver on our strategy of extending Ethernet from the enterprise network to access and metro networks by providing services across traditional WAN infrastructures and voice-grade cabling within the first mile," said Darrell Scherbarth, vice president of Extreme Networks. "Running Ethernet over first mile access technologies allows for simpler, faster and more cost effective broadband service deployment for a variety of service provider and enterprise applications." The new WM-4T1i module for the Alpine switch enables service providers to deploy Ethernet in the first mile between building access points and the metro POP where fiber optic cabling is not available. The WM-4T1 module supports Multi Link Point-to-Point (ML/PPP) protocol capable of bonding multiple T1 channels together to provide scalable WAN bandwidth from 1.5 to 6 Mbps. In addition, the WM-4T1i module enables enterprises to reduce the number of devices required to connect remote sites over a private WAN simply by adding the WM-4T1 to their Alpine switching system and eliminating the need for a stand alone router. For branch office applications, the Alpine addresses the requirements for WAN connectivity, Internet access and desktop switching in a single integrated platform. For use within the building access network, the FM-8Vi delivers long-range Ethernet using VDSL transport over voice grade cabling. VDSL lends itself well to providing long-range Ethernet connections with up to 10Mbps symmetric bandwidth over voice-grade in-building infrastructure at up to 10 times the distances of 10Base-T Ethernet. It is an ideal technology for use in buildings that do not contain Category 5 or fiber cable. The new VDSL module for the Alpine service provisioning switch leverages all the existing QoS, bandwidth rate shaping, and wire speed layer-3 switching performance that is synonymous with the Extreme Networks' name. The Extreme Mogul-100 VDSL/Ethernet bridge functions as customer premise equipment (CPE) to seamlessly convert the Ethernet over VDSL back into a 10Base-T interface to directly attach the customer's LAN to the access network. The Mogul-100 replaces the complexity of a router WAN interface with the simplicity of a simple bridge. The new FM-8Vi module includes 8 Ethernet VDSL ports, allowing up to 64 Ethernet VDSL ports per chassis. It has a US list price of 3495. The companion Mogul-100 CPE device has a US list price of 395. The WM-4T1 module with four T-1 ports and 2 10/100 Ethernet ports has a US list price of 4495. "We've aggressively priced the modules to help our customers move faster to obtaining the simplicity in our Ethernet Everywhere(R) networks for first mile access," said Scherbarth.” EXTR
PBSC ($6.70) Packard BioScience is a developer, manufacturer and marketer of instruments and related consumables and services for use in the life sciences research and nuclear industries. News for PBSC: “MERIDEN, Conn., June 6 /PRNewswire/ -- Packard BioScience Company (Nasdaq: PBSC) today announced the European launch of its SpotArray(TM) Enterprise non-contact microarray production system. The system will be on display at the EuroBiochips Microarray and Microfluidic Technology Congress in Munich, Germany. The SpotArray Enterprise employs Packard's patented piezoelectric dispensing technology to provide high quality, high yield biochip manufacturing capabilities. Equipped with a unique integrated dispense verification and error correction feature, the system routinely achieves over 99 accuracy and reliability in producing microarrays. It also recovers precious non-dispensed sample and is compatible with a wide-range of samples (cDNA, oligos, proteins, peptides, etc.) and substrates (glass slides, microplates, membranes, custom chips). "The Enterprise system is the natural progression of PiezoTipnology(TM), our non-contact printing technology which has been successfully integrated in our first generation BioChip Arrayer(TM) research system," said Dr. Jocelyn Burke, Vice President and General Manager of Packard BioChip Technologies, LLC, a wholly-owned subsidiary of Packard BioScience Company. "We believe non-contact dispensing provides new opportunities to customers who produce microarrays because it is capable of creating a variety of microarrays in a quality controlled environment. This system targets companies and academic core facilities interested in producing high volume, high quality content biochips for proteomic and genomic applications. It also complements our family of products, which includes the recently introduced SpotArray(TM) 24 pin tool system for low to medium microarray production. With our three printing systems, as well as our ScanArray(TM) imaging system and QuantArray(R) analysis software, we now offer a uniquely comprehensive line of instrumentation for the microarray community.” PBSC
EXDS ($6.33) was added to our “A” Portfolio at $8.00. EXDS is a provider of Internet system and network management solutions. EXDS offers server hosting, Internet connectivity, collaborative systems management and Internet technology services. News for EXDS: No new news for EXDS.EXDS
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. PCG has declared bankruptcy last week and Edison Intl. (EIX) has said they will not declare bankruptcy for now. 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 5-year and 10-year treasuries for income and some appreciation if interest rates are lowered this year. We recommend 3-6 months Treasuries because they are currently yielding 4.0%. CEI ($24.83) yield has gone down to 8.85% but it is still a buy for its yield and our target is $35. We also like these two reits: CRE ($28.92) yielding 6.43% 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 ($27.75) yielding 7.63% 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
We have another energy stock we like that has some risk but not as much risk as some of the other energy stocks out in the market. The stock is Entergy (ETR). We added ETR ($42.13) to the “A” Portfolio at $38.50 on April 16th, 2001. News on ETR: No new news for ETR. ETR
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.