Update on New Action and New Changes

Sells and new buys

At pivotal times, it is important to line up the right stocks and to get out of ones that are performing poorly. Otherwise, money is tied up in stocks going nowhere while the plane leaves without you taking stocks to the moon while you sit in the terminal building watching and not going for the ride.

We have had some amazing successes in the past couple of days, especially noting the purchase of IBM yesterday. However, we still have some dogs that have not come back to life and some stocks where frankly the capital can be deployed better elsewhere. Although we are making money in Seagram, we don't feel comfortable with what we hear about the stock and its chart pattern suggests that it might be rolling over.

The following stocks are still particularly timely to buy now: Northern
Telecom, Security First, Motorola, Tyco, EDS, Analog Devices. It looks as if PMC Sierra could soar like IBM but it's already soaring!

In addition we are adding a couple of new stocks:

Air Canada (ACNAF) #
Several airlines are shaping up. This one has a near monopoly and can get away with abusive pricing.

Biomira (BIOMF) #
Great chart.

Idec Pharma (IDPH)
This one too.

Celestica (CLS) #
Great chart.

Hewlett Packard (HWP)
This stock could really blast out, along with IBM.

Current Recommendations:
(Entry Date, Entry Price, Last Close, Code, Name)

99/05/12 39.75 42.19 ADI Analog Devices
99/04/06 49.00 55.88 AMCC Applied Micro Circuits
99/04/06 92.13 98.00 ASCND Ascend Communications
99/05/12 94.38 96.44 BRCM Broadcom
99/05/12 117.50 117.69 CSCO Cisco
99/05/12 88.00 88.50 CVC Cablevision Sys
99/05/12 46.91 48.34 DEO Diageo Plc
99/05/12 54.61 56.17 EDS Electronic Data System
99/04/06 132.13 105.69 EMC EMC
99/04/06 51.50 54.00 FLEX Flextronics
99/05/12 220.77 245.64 IBM IBM
SELL 99/05/12 XX.XX XX.XX ICST Integrated Circuit System
99/04/06 60.83 56.88 LLTC Linear Tech Corp
99/04/06 32.75 38.25 LSI LSI Logic
99/05/12 85.39 85.14 MOT Motorola
SELL 99/04/06 33.69 30.31 NN Newbridge Networks #
99/04/06 163.19 78.50 NOK Nokia (split on 99/04/09 2:1)
99/05/12 25.06 24.13 NOVL Novell
99/04/06 65.66 74.66 NT Nortel Networks #
SELL 99/04/06 46.75 48.50 PCLE Pinnacle Sys
99/05/12 106.06 108.44 PMC PMC Sierra
99/05/12 49.88 47.19 QLTI QTL Phototherapeutics #
99/04/06 41.09 44.25 QWST Quest Communications
99/04/06 53.75 56.75 SLR Solectron
99/04/06 90.66 57.50 SONE S1 Corp (split on 99/06/07 2:1)
99/04/06 130.94 65.19 SUNW Sun Microsystems (split on 99/04/08 2:1)
99/04/06 109.48 111.88 TXN Texas Instruments
99/05/12 87.19 88.38 TYC Tyco
SELL 99/04/06 52.38 58.06 VO-T Seagrams

In addition we recommend the following Closed End Funds, based on the assumption that Third World economic downturns are not going to last forever and that their stocks are now showing superb technical strength

99/05/12 9.89 9.77 CHN China Fund
99/04/06 6.63 7.94 FAK Fidelity Adv Korea
99/04/06 8.88 9.94 IFN India Fund
99/04/06 8.05 8.30 JOF Japan OTC Equity Fund
99/04/06 11.00 12.38 KF Korea Fund

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