http://www.proactech.com

-----Original Message-----
From:=20 bounce-otcjournal-415861@lyris.otcjournal.com=20 [mailto:bounce-otcjournal-415861@lyris.otcjournal.com]
Sent: = Saturday,=20 August 10, 2002 6:58 AM
To:=20 mikegibbons@proactech.com
Subject: Summer Relief Rally- Is It=20 Possible? and Energy Power in the News

If you are reading = this=20 message in plaintext or if you have an AOL address you must click on = this link:=20 http:/= /listserv.otcjournal.com/otcjournal/20020810-1.html=20 and wait for a web page to automatically open up to properly read this=20 newsletter.

=20

August 10,=20 2002

Volume V,=20 Issue 60

Email : = info@otcjournal.com= =20
URL = : http://www.otcjournal.com<= /FONT>=20

To OTC Journal=20 Members:
=20

Special = Announcement:=20 Trading Alert Next Week

We're = looking at a=20 situation which may turn into a Trading = Alert on=20 Tuesday or Wednesday afternoon next week. Before = deciding if you want to participate, please read = the=20 OTC Journal's section on Trading=20 Alerts found on the left hand menu bar = of our=20 home page. For a Track Record of former = Trading=20 Alerts, Click=20 Here.=20

Keep an = eye on your=20 inbox for an exciting opportunity in the middle = of next=20 week.
=20

Summer Relief Rally- Is = It=20 = Possible?

=20

The = market was up=20 this past week for the first time in several = months. All=20 the major averages posted solid gains, taking = investors=20 by surprise. Some attributed this past week's=20 performance to expectations of an interest rate = cut when=20 the FED meets on Wednesday. This seems highly = unlikely,=20 as 11 interest rate cuts last year didn't=20 work.=20

Others = attributed=20 this week's performance to the absence of = sellers.=20 Overseas investors have been liquidating US = equities for=20 months, and they seem to have run out of stock = to sell.=20 Short sellers were conspicuous in their absence. = They're=20 probably all buying new mansions in the Hamptons = and=20 jetting around the world enjoying the billions = in=20 profits they have accumulated in the past 2 1/2 = years.=20 Wall Street pays off when you're = right.=20

Despite = the typical=20 August seasonal lack of interest and pervasive = doom and=20 gloom, this chart of the NASDAQ Composite = suggests we=20 may be in for a summer relief = rally.=20

This = past week the=20 NASDAQ broke up its' downtrend line (shown in = red) for=20 the first time since the sell off steepened in = mid May,=20 leading to three months of bloodletting on all = the major=20 indexes.=20

In = addition, the=20 NASDAQ has recently put in a double bottom. The = second=20 bottom was slightly higher than the first. = Technicians=20 will tell you this is a bullish indicator in the = short=20 term.=20

As long = as the=20 NASDAQ stays above the red line, there is a = possibility=20 of temporary rebound into the 1450 area. Of = course, this=20 will not change the long term downtrend. We = believe the=20 trend will continue until October or November, = when a=20 new, very weak, and very young Bull will be=20 born.=20

Here are = a couple of=20 oversold trading ideas which may yield a short = term=20 profit if the market puts in a relief rally. = This=20 scenario may not play out, so use a stop loss as = an=20 insurance policy against a new leg = down.=20
=20

Flextronics = (NASDAQ:=20 FLEX)

=20

Flextronics=20 is probably the largest outsourced off shore=20 manufacturer of electronic devices. OEM = (Original=20 Equipment Manufacturers) outsource their = production to=20 this company.=20

Formerly = a profit=20 powerhouse, the company's fortunes have declined = along=20 with the entire technology industry, and they = are losing=20 money at this point in time. However, the value = is=20 compelling at this level.=20

Annual = sales run=20 about $13 billion. At this price, the company is = trading=20 with a $4.2 billion market cap, or about 1/3 of = sales.=20 It is also trading at less than book value = (liquidation=20 value), which is about $8.62 per = share.=20

The = chart suggests a=20 slight uptrend started in late June when the = stock hit=20 it's all time low of $6. If the market improves, = this=20 one may want to go back an fill the gap from = early June,=20 suggesting a good target price might be=20 $12.=20

However, = stay light=20 on your feet. The company's fortunes are = declining. A=20 stop loss based on your risk tolerance is highly = recommended.
=20

Nvidia = Corporation=20 (NASDAQ: NVDA)

=
=20

Here's a = stock=20 traders have taken out to the woodshed and = beaten to=20 death. The company designs and manufactures 3-D = graphics=20 processors and graphics processing = units.=20

The = company has a=20 book value of $5.72, $5.45 per share in cash, = and at=20 current levels trades with a PE ratio of about = 7. This=20 company had an adequate June quarter, but = announced the=20 future looked bleak. =20

In = favorable market=20 conditions this stock could rebound into the = middle of=20 the blue bands. This shows the average price = since the=20 stock began it current leg down, toppling from = $24 to=20 just above $9 in less than a = month.=20

Most of = the analyst=20 community downgraded this stock once it reached = the $9=20 level, which is a bullish sign as far as we are=20 concerned.=20

Again, = if you decide=20 to roll the dice, a stop loss to minimize the = risk is=20 strongly suggested.
=
=20

Energy Power = Systems=20 (AMEX: EGY) Back in the = News

Energy Power=20 Systems, one of our long term profiles, was = back in=20 the news for the first time in months yesterday = morning.=20 This stock was a big winner for us in 2001, = yielding a=20 profit of 60% to 70% for our members who sold = towards=20 the end of the year.=20

This = year it has=20 been all down hill for no apparent reason other = than=20 lack of news and horrendous market conditions. = The=20 company has not been proactively out in the = investment=20 community, choosing not to swim against the = tide. They=20 are waiting for calmer waters before=20 proceeding.=20

Yesterday, just=20 before the market opened, Energy Power = made it=20 first very positive announcement in some time. = The=20 company announced its Offshore and Engineering = Division=20 had been awarded $6.2 million in contracts = by major energy companies operating in = Atlantic=20 Canada. Click=20 Here to read the entire text of the news=20 release.=20

We are = expecting=20 Energy Power to make a come back this = Fall,=20 predicated on the possibility of major new = business.=20 Stay tuned for more developments. The stock is = oversold=20 at current levels, and the company is doing=20 well.

Charts = Provided=20 Courtesy Of TradePortal.com=20

The OTC = Journal is a=20 proud partner of the SwingWire.com=20 Online Investment Community. A next = generation=20 Online Analyst Exchange providing Members = the=20 ability to search, review, track and monitor = some of the=20 Internet's best Online CAs=20 (CyberAnalysts). Members have the = opportunity to=20 potentially achieve higher = returns by viewing top=20 performing portfolios and receiving = real-time=20 alerts from favorite CAs. =20

SwingWire.com=20 also has a lucrative incentive model for = experienced=20 investors and traders who consistently = outperform the=20 market. Share market ideas with other = like-minded=20 investors, establish a proven track record, = provide=20 insightful commentary, attract followers and = ultimately=20 become one of the Internet's highest paid and = most=20 sought after CyberAnalysts! =20

Click=20 here to receive your FREE 30-Day Trial = Membership with=20 no further obligation. Sign Up=20 Today! =20 =

Disclaimer

The = OTCjournal.com=20 Newsletter is an independent electronic = publication=20 committed to providing our readers with factual=20 information on selected publicly traded = companies.=20 All companies are chosen on the basis of certain = financial analysis and other pertinent criteria = with a=20 view toward maximizing the upside = potential for=20 investors while minimizing the downside risk, = whenever=20 possible. Moreover, as detailed below, = this=20 publication accepts compensation from certain of = the=20 companies which it features. Likewise, = this=20 newsletter is owned by MarketByte, LLC. To = the=20 degrees enumerated herein, this newsletter = should=20 not be regarded as an independent=20 publication.=20

Click=20 Here to view our compensation on every = company we=20 have ever covered, or visit the following web=20 address: http://www.otcjournal.= com/disclaimer.html=20 for our full profiles and http://= www.otcjournal.com/trading-alerts/disclaimer.html=20 for Trading Alerts.=20

MarketByte LLC has=20 been paid a fee of 125,000 shares of free = trading stock=20 of Energy Power Systems Limited for representing = the=20 company for one year. The fee has been paid by = Fieldston=20 Traders LTD acting on behalf of the company. The = contract expired February 12, 2002. Marketbyte = LLC=20 currently has no contractual obligation or any = shares of=20 Energy Power.=20

All = statements and=20 expressions are the sole opinions of the = editors=20 and are subject to change without notice. A = profile,=20 description, or other mention of a company in = the=20 newsletter is neither an offer nor solicitation = to buy=20 or sell any securities mentioned. While we = believe=20 all sources of information to be factual and = reliable,=20 in no way do we represent or guarantee the = accuracy=20 thereof, nor the statements made = herein.=20

The = editor, members=20 of the editor's family, and/or entities with = which they=20 are affiliated, are forbidden by company policy = to own,=20 buy, sell or otherwise trade stock for their own = benefit=20 in the companies who appear in the publication = unless=20 specifically disclosed in the = newsletter.=20

The = profiles,=20 critiques, and other editorial content of the=20 OTCjournal.com may contain forward-looking = statements=20 relating to the expected capabilities of the = companies=20 mentioned herein.=20

THE = READER SHOULD=20 VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE = BEFORE=20 INVESTING IN ANY SECURITIES MENTIONED. INVESTING = IN SECURITIES IS SPECULATIVE AND CARRIES A = HIGH=20 DEGREE OF RISK. THE INFORMATION FOUND IN THIS = PROFILE IS=20 PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED = STATES AND=20 MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY = WITHOUT THE=20 EXPRESSED, WRITTEN CONSENT OF THE EDITORS = OF=20 OTCjournal.com.=20

We = encourage our=20 readers to invest carefully and read the = investor=20 information available at the web sites of = the=20 Securities and Exchange Commission ("SEC") at http://www.sec.govand/or=20 the National Association of Securities Dealers = ("NASD")=20 at http://www.nasd.com. We=20 also strongly recommend that you read the SEC = advisory=20 to investors concerning Internet Stock Fraud, = which can=20 be found at http://www.sec.gov/consu= mer/cyberfr.htm.=20 Disclaimer ID:0esYJlLv Readers can review all = public=20 filings by companies at the SEC's EDGAR page. = The NASD=20 has published information on how to invest = carefully at=20 its web site.

Unsubscribe=20 Here

<= /CENTER>

You can unsubscribe from this list at = any time=20 by Clicking=20 Here and HITTING SEND. If you are = having=20 difficulty removing yourself or wish to change = your=20 address please go to http://listserv.otcjournal.com/opt.cgi?email=3Dmikegibbons@proac= tech.com.

=
=20 - ---
You are currently subscribed to otcjournal as:=20 mikegibbons@proactech.com
To unsubscribe send a blank email to=20 leave-otcjournal-415861W@lyris.otcjournal.com - ------=_NextPart_000_0008_01C2405A.DFEBC4C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2773 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.