 |
 |
|
|
|
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 March 2, 2003: |
|
|
As we see it… President Bush is between a rock and a hard place. Sadam, whatever you may think of him, is a very intelligent adversary. He has managed to keep his game plan in play, thwarting Bush’s best efforts to paint him as a threat to world peace and stability. President Bush, in our opinion, has made a huge mistake by trying to appease the world community. Our sources tell us that Bush has only until the end of next week at the latest to declare war. In our opinion, the tough talking Texan should have gotten the show underway weeks ago… Bush’s popularity in recent polls has dropped alarmingly. Our sources tell us that Sadam has not only an incredibly complex subterranean network of hardened tunnels beneath Baghdad, but that he has set a potential pyrotechnic ring of fire and smoke around Baghdad ready to be touched off at his command. Not pretty… could be tough. Our opinion is that Bush, at this point will not pull back, in spite of Sadam’s latest offer to destroy some missiles. We expect that Bush will launch an all out attack next week. We also believe that it is extremely likely that Sadam will ignite his oil fields. And, as we stated in our last report that shares of (AMEX: WEL ) could move quickly into the $5 to $10 range on speculative fever. http://www.bncg.com/wellcontrol/IWC2.htm Stockprowler’s pick this week...
With war likely… we are very focused on 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 and 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 Price/Sales ratio. With the recent spike in natural gas price and the record setting cold weather, Mirant is likely to be in the black column this year. Also, it is our opinion the company has made an excellent move when they hired Blackstone Group to assist them in restructuring their debts. With natural gas prices soaring, and looking good in the long term, calling in Blackstone looks to us like a very smart move. These people are pros and know how to play hardball with the banks. Shares of Mirant moved up 6 cents on Friday after nervousness over debt restructuring and possible bankruptcy filing was calmed by the statements of Mirant spokesman, James Peters, who reaffirmed a statement made by Mirant CEO Marce Fuller in November that the company “is not going bankrupt.” Our best guess here with (NYSE: MIR) is a double/ triple in the next few months as Bush regains his stride and knocks Sadam out of the picture / and with money coming into the the S&P funds from the cash cows on the sidelines. Just our opinion. You saw it here on Stockprowler.com Stock prowler 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. 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 |
|
|
