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a larger commitment for 500,000 set-top boxes over the next 21
months, a contract worth $125 million. As I mentioned several times
during the last few months, USVO is negotiating several contracts
-- this is a good start, & in my opinion the beginning of a long
successful growth period. Call Kevin Yorio @ 800-625-2200, fax 860-572-7753,
or write 70 Essex St., Mystic, CT 06355 www.usvo.com [R-6; M-7;
L-8]
Veronex Technologies, Inc. (OTC Bulletin Board/VXTK -- CS
8/98) had earnings of $1,267,000 or $0.15 per share for Q3 (11/30/99).
It added Bryson Farrill & Thomas Randall to its board. Farrill was
CEO of McLeod Young Weir International, & a member of the NYSE.
Randall is managing director of Torrey Pines Securities. Call David
Wooldridge, IR @ 800-500-3379, or write 18023 Sky Park Circle, Suite
E-2, Irvine, CA 92614. www.veronex.com. [R-7; M-8; L-9]
Xplore Technologies, Inc (Alberta/XPL -- CS Sneak 9/97)
got another patent issued for its GeneSysR portable pen-based ruggedized
computer. It received a $1 million order from Arkansas Utility Protection
Services, Inc. for the system -- it will be deployed early this
year. Call Debby Bayne @ Vantage Point Capital @ 800-580-4382, fax
905-631-7854. XPL is located at 6535B Mississauga Rd, Mississauga,
Ontario, Canada L5N 1A8. www.xploretech.com. [R-6; M-7; L-8]
Disclosure
Conservative Speculator (CS) does not rent, sell, or divulge its
subscription list. We do this to protect our subscribers' privacy.
Rosanne & I are owners of WallStreetCorner.com, Inc. ("WSC"). Per
disclaimers on the site, WSC charges its Charter Participants $2,500
for six months of participation, but there has never been, is not
now, & never will be a charge for editorial coverage in CS, in the
"Larry Oakley's Opinion," Larry Oakley's Weekly Stock Pick," or
"Larry Oakley's Daily Comment" sections of WallStreetCorner, in
my speaking engagements at investment seminars & conferences, or
on radio or TV shows in which I am interviewed.
While Rosanne & I are not owners, officers, or directors of Stockcom
Inc. ("SI"), I do some consulting for SI. A company's unique product
or service, growth potential, & other fundamentals that cause me
to write about it are similar to characteristics WSC &/or SI seek.
Result: Some companies covered in CS may be invited by WSC to be
participants, or possibly by SI to be clients. I also cover some
companies that became WSC participants or that might have become
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& mentions in this issue, BHIT, DCHT, JOCK, LGF, MAWI, REFR, USVO,
& WHTL are participants on WSC.
Any statements in the Recommendations, Update Briefs, Sneak Previews,
or other coverage in this newsletter that are not historical facts
should be considered forward-looking information as that term is
defined in the Private Security Reform Act of 1995. They can often
be identified by such terminology as "predicts," "projects," "believes,"
"estimates," "should," "contemplates," "expects," "anticipates,"
"may," "will," &/or any variation of these &/or similar terms. Such
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capital availability).
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In short, there are absolutely no guarantees when it comes to
future performance. That's one reason why I strongly recommend that
you talk to a senior management person at any company in which you
contemplate taking a position, & form your own opinion before proceeding
with any investment.
Important Strategies
These comments apply to every situation mentioned in Conservative
Speculator. Special situation, low-priced, micro-cap, & high-gain-potential
stocks have high risk. Fortunately, not many speculative situations
turn out to be disasters, but some do -- that is a risk you must
accept. Here are three of my most important strategies: 1. Be prudent
-- the total funds allocated to speculative stocks should be limited
to a small percentage of your cash, certainly no more than you could
lose without discomfort. I then suggest no more than 5% of that
small portion be invested in any one stock, to spread your risk.
.... 2. Do not accept my opinion as the reason to invest. Call the
company. Get a feel yourself. If you are not totally comfortable,
pass. I give you an ample number of possibilities. My task is to
expose you to potentially profitable situations. You have the responsibility
of making any investment decision. Do not give up that responsibility.
.... 3. I suggest you apply a moving stop-loss strategy. If the
price goes up, raise your stop-loss guideline point to something
like 20% below the new price. Keep doing that as the price rises.
If the price goes down to your stop-loss point, grit your teeth
& sell. This limits loss, but lets profits increase.
Important Information Re CS & Special Situation
Investing
Conservative Speculator ("CS") is published monthly. Contents
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We do not endorse the views/opinions of editorial contributors
or our sources of information. Do not assume stocks covered will
be profitable, or will equal past performance. The stocks covered
in CS are highly speculative -- see comments under "Important Strategies."
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