 |
 |
|
|
|
Link to Lycos Quotes/Message Boards Twice each month at Noon EST on Sunday, Stockprowler will bring you his latest hot stock pick...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC Bulletin Board stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Web site. So are you ready? Here's the Stockprowler report for the week of Sunday February 16, 2003: |
|
|
Never bet the farm on any stock! Case in point - our last Stockprowler pick, IBCL. We have received quite a few angry emails from readers about this stock pick. First of all, I want to say once again that Stockprowler does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always relatively small so that the chance of having an effect on a stock’s price when we buy or sell is negligible. Please read our full disclaimer. Also, contrary to a commonly held belief, Stockprowler does not have access to insider information, nor do we want to, because trading on insider information is illegal! All information contained in our reports is available in the public record… and any written or verbal communication with company CEOs/ IR people strictly adheres to this rule. We have always played straight and will continue to do so. Now, regarding our pick of IBCL, we admit that we blew it… we were blindsided just like everyone else. We believed the company’s PRs to be legitimate. However, since this matter involving the company appears to be in litigation we will refrain from comment at this time. If you happened to catch Bill O’Reilly’s recent Factor interview with Maj. General (Ret.) Paul Vallely it is apparent that the war has already begun in Iraq. U.S. troops are already on the ground inside Iraqi borders. With this in mind, Stockprowler is closely watching 3 stocks that we feel strongly will be “in play” as the war progresses. The first is Boots & Coots International Well Control (AMEX: WEL), closing Friday at 49 cents. WEL has been trading in the 40 to 58 cent range this past week with increasing volume. Boots & Coots is well known for its expertise and significant role in extinguishing the Kuwaiti oil well fires set by the Iraqis during the Gulf War. The company has a strong strategic alliance with Haliburton (NYSE: HAL). Haliburton routinely assists the company in getting needed equipment and supplies mobilized within 24 hours of an emergency anywhere in the world. According to news reports in Time and U.S. News & World Report, the Pentagon has contacted Boots & Coots, as well as 3 other well control companies, and has contingency plans in place. Should Sadam set his oil fields on fire, shares of WEL could move quickly into the $5 to $10 range on speculative fever. http://www.bncg.com/wellcontrol/IWC2.htm The second stock we are focused on is Mirant Corp. (NYSE: MIR) http://www.mirant.com/ a global energy company with an extensive portfolio of power and natural gas assets. Mirant tops MSN MoneyCentral’s SuperModel list of low-priced, beaten-down, worst-performing, most heavily shorted stocks in the S & P 500 Index. According to Jon Markman’s SuperModel investment strategy if the market goes up 20% on a war rally, stocks like Mirant and others on his SuperModel list could likely jump 50% or more as fund managers come off the sidelines and start buying the index. Mirant (MIR) has lost nearly 84% of its market cap in the past 12 months. MIR has $2.28 billion in cash and a very attractive 0.03 Price/Sales ratio. The stock closed Friday at $1.55 on 2,586,300 shares traded. Stockprowler’s pick this week...
The third stock that has really got our interest is Ampex Corp. (AMEX: AXC) a war stock that we believe has tremendous upside potential. Ampex has developed substantial proprietary technology relating to the electronic storage, processing and retrieval of data, particularly images. Ampex currently holds an incredible 750 patents and patent applications covering digital image-processing, data compression and recording technologies. The company, through its wholly owned subsidiary, Ampex Data Systems Corporation, incorporates this technology in the design and manufacture of very high performance storage products. Not only has Ampex Corp. returned to profitability in the last quarter, but the bulk of its sales have come from the defense sector. Net sales increased by 8.1% to $8.1 million in the three months ended September 30, 2002 compared to $7.5 million in the three months ended September 30, 2001. From the 10 SQ, “The increase in DST and instrumentation product sales was primarily attributed to sales to government customers who use our products for imaging and intelligence gathering. Government agencies and defense contractors are currently the largest market for Data Systems’ mass data storage and instrumentation recorders. This market has recently experienced an increase in activity as additional funding has been granted for intelligence gathering programs”. Ampex Corp. has been a supplier of instrumentation recorders for a number of years, and has supplied these recorders primarily to government agencies for use in data collection, satellite surveillance and defense-related applications, as well as to defense contractors and aerospace and other industrial users primarily for test and measurement purposes. Ampex instrumentation recorders have been used on almost every advanced commercial and U.S. military aircraft, as well as on many foreign aircraft. Stockprowler.com views AXC as a relatively low risk speculation with minimal downside and strong upside potential. Ampex’s lock on video compression technology, and its alliance with Microsoft bode well for the future. Sooner or later, movies and video games/ entertainment will be come reality on the Internet and in our opinion Ampex will be a major player… As for the here and now, given the importance of Ampex storage and imaging technology to the U.S. military (and the magnitude of their patents) … combined with the recent increasing government/defense sales, Stockprowler.com views AXC as an excellent speculative opportunity. Our TA radar sees minimal overhead resistance to an upward move to 15 cents… and if the stock breaks through that marker on big volume/ war time speculative fever, Stockprowler.com views AXC as a potential 5 bagger… and $1.00 or more is not out of the realm of possibility here, even in this bear market. Just our opinion. Stockprowler.com did not receive compensation of any kind from the company or third parties for writing this report. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock. Good Trading... Stockprowler |
|
|
