1. MARKETS
2. INDIA
3. QUOTES
4. WEB POSTS
5. LETTERS
JUPITER/NEPTUNE EVERYWHERE
Real inflation is running around 1% or 3.614%, depending on where you
look, i.e. which industry sector and whether goods or services. Where
is there to hide? Look to cash, value stocks, tangible goods and after
one or more interest rate increases, Bonds. These continue to be our recommendation
for safe CAPITAL PRESERVATION. I cannot overstress the importance
of booking some profits on Nasdaq high flyers you don't want to hold past
May 2000. Elsewhere, reduce and continue sector rotation.
Productivity gains of 5% are a myth. Yes, people are being fired, but the work is NOT getting done. More and more frequently, service is falling through the cracks by overworked employees and understaffed companies. THE SYSTEM IS FALLING APART.
Jupiter/Neptune is showing up in the Oil Markets, Bond markets worldwide and by Metropolitan Life or MetLife (NYSE:MET) plans to sell $6.5 billion of its shares in late March. MetLife's IPO is expected to exceed UPS's $5.5 billion offering last November making it the U.S. largest IPO in history and becoming the country's most widely held stock. Like UPS, we presume it will be overvalued, so buy and hold investors can look forward to at least a 20% decline in price intermediate term.
The current U.S. economic expansion has the potential to continue indefinitely
if the government maintains the fiscal discipline of recent budgets, White
House economic experts said last week.
I thought you guys didn't inhale? While a Star Trek future is
possible with 21st century Social Environmental Capitalism, it is not possible
with 20th century capitalism.
We continue to watch our AFUND emerging growth client Stock Prices with amazement. In addition to our Chinese wall, we will be temporarily adding a Russian wall soon. Therefore, our best advice is to track and research these stocks. If I did not have so much Jupiter/Uranus in my 1999 Solar Return, I wouldn't have believed their stellar performance.
Next week, expect the usual option expiration games. Thereafter, we foresee more Federal Reserve Chinese water torture and perhaps one last gasp Jupiter/Neptune Icarus flight to the Stars and then....
Key Dates: February 16,17
DJIA: P1 10,400 P2 10,200 relief rally then
P3 10,000
US BONDS: -> 6.80%
NASDAQ: Strong Distribution
Recommended
Nikkie: Sell to 19000-
2. Taran Marwah
"The time has come in India, which I predicted. Even AIR INDIA is up for
sale. Govt. of India is all out on a disinvestment spree. They have no
option as they have the big problem of a burgeoning fiscal deficit. Time
to pick up, blue chip, undervalued Public Sector Undertaking (PSU)
Shares. I still stick to my old favourites - Indo Burmah Peroleum (IBP)
and National Aluminium Ltd. (NALCO). They will be multi baggers of 2000....
Three Indian Stocks (ADRs) listed on NASDAQ are having a dream run -
INFY, SIFY and ICICI. I am very bullish on ICICI. You can recommend this
you your clients w/o any risk!"
HW: You are correct from the viewpoint of an Indian investor,
but I disagree on two counts. First there is no such things as no risk
- Just ask Long Term Capital Investors! Second, while you are correct
to recommend these stocks to your Indian clients, by the time they reach
Nasdaq or an ADR listing, these stocks are often too high for cosmic value
investors. Nonetheless, as we both know, India has now assumed its
place on the global investor's map.
3. There's a perceived shortage in the future and we're trading on that,"
said Chris Rupkey, financial economist, Bank of Tokyo-Mitsubishi New York.
HW: Assuming you will be lucky and not have to give it away like JCB.
Would you pay me to whitewash my fence?
4. When To Sell a Fund by Paul Merriman
WSNW subscribers can now track AFUND Mining Stocks on our premium web site.
5. READER: Re: Cadbury: I noticed at the bottom of the fax that friends
can receive four weeks free. Can I be your friend? Or do you
know anyone who might like another friend?
HW: Currently, Platinum WSNW subscribers receive Cadbury for
free. After speaking to Chris, he agreed to let me send his newsletter
free to ALL current WSNW subscribers for the next 30 days.
READER: Please explain what "P1" and/or "P2" are.
HW: See Trading with Wall
Street, Next Week. P1 is our first price target, P2 our second
and P3 our third or final target.
READER: [Feb Stock of the Month Picks] yuck!....penny stocks...
HW: Laidaw is North America's #1 bus operator, while we believe IHITF
has a stellar future. Microsoft, as I am sure you remember, was once a
"penny stock".
READER: In your latest comments, you have indicated that IHITF, DCHT,
etc. are good for the last free ride on the Titanic. Are you saying
that these stocks will correct along with a major market correction that
you forecast in May?
HW: I don't know. I am raising cash and rotating stocks and holding
core assets regardless of whether a crash comes. I believe in holding undervalued
assets that will outperform. IHITF is certainly that. DCHT's
value is between 5-6. Note by using this measure, IBM is NOT worth 115,
but under 60. So it is a matter of personal choice.
READER: As an IHI stockholder, I am interested in knowing what you mean
that when the Bermuda chart of IHI becomes dominant, the result will be
positive for the stock price. Also, I would like to know how this will
affect investors like myself who hold stock in IHITF.OTC. Will new stock
shares be issued for the subsidiary? Or, will the current investors in
IHITF automatically hold shares in the subsidiary?
HW: IHI is expected to be split into two companies, one purely Canadian,
the other for the rest of the world. The latter has the chart I love
(and just two days after my wedding chart). Current IHI shareholders are
expected to receive 72% of Bermuda shares for a nominal cost.
READER: Why do you recommend DISNEY? Is this an astrological or plain
logical choice?
HW: Both, although not quite yet. Disney benefits from both the
Jupiter/Neptune aspects and media popularity. Plus, they are not making
as many mistakes as they used to. Disney's horoscope merits a slight
outperform, in contrast to their previous serious under perform.
However, their stock is still well overpriced.
READER: Henry, I told you a couple of months back, that I was bullish
on CISCO. See where the stock has moved. I agree LUCENT has been a watershed!
Are you bullish on CISCO at these levels?
HW: Cisco, while obviously a very good company and striving to become
the first Trillion Dollar market cap stock, with its P/E of 178 is vastly
overpriced.
READER: Do you have a time frame for trouble in the NASDAQ?
HW: Let me check my watch and see what time it is! It can happen any
day, but I do not believe it will be later than the end of May. Be
liquid, be hedged and take some profits!
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