Briar Patch Stock Market Letter Adds AmSouth Bancorp to Its Portfolios.Briar briar: see brier. Patch Stock Market Letter, www.briarstock.com, released a position report on AmSouth Bancorp (NYSE NYSE See: New York Stock Exchange : ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ). The Briar Patch Stock Market Letter has added AmSouth Bancorp (NYSE:ASO) to its portfolios. This action was taken because the arbitrage arbitrage: see foreign exchange. arbitrage Business operation involving the purchase of foreign currency, gold, financial securities, or commodities in one market and their almost simultaneous sale in another market, in order to profit from price activity resulting from a recently announced acquisition has created a price distortion in AmSouth's stock that will eventually correct itself to the upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside . On June 7, 1999, 7.5% of the combined portfolios was used to buy ASO at $23.94. On June 11, 1999, an additional 2.5% percent was used to buy additional stock at $22.56. Ten percent is the most that the trading disciplines of the Briar Patch will allow it to put in one company. We anticipate a 25% profit within the next four to six months. For the reasoning behind our actions go to www.briarstock.com. Free 30-day trial subscriptions are available. The Briar Patch Stock Market Letter, www.briarstock.com, is an independent source of specific and timely buy and sell ideas. The Briar Patch Short/Long Aggressive Portfolio was up 104% from July 1, 1998 to April 30, 1999. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion