To OTC Journal Members:
 

Trading Alert: Efficient Networks (NASDAQ: EFNT)

As mentioned previously we are going to be very aggressive with Trading Alerts on small and mid cap stocks for the remainder of December. There are some excellent values poised to bounce off very oversold levels. Please read the section on Trading Alerts at our home page to understand how these work. Click Here to go directly to that section. Click Here to view our Trading Alerts track record.

We had a great deal of success with our last Trading Alert, Netro Corporation, which traded to $14.874 shortly after issuing our Alert at $11.38. Efficient Networks is in the same telecommunications networking group, and the stock has been pounded in recent days. There was a major capitulation today, and we believe this stock is ready to bounce.

The company has grown dramatically in the past year. Here are some financial statistics about Efficient Networks:

• -Sales were $127 million in the September quarter, up from $13 million the previous year (864% increase).
• -Profits were $.10 for the September quarter when analyst were expecting a break even.
• -Analysts estimate the company is expected to complete fiscal 2001 (June) with $.85 in earnings.
• -The company has $17.77 per share in book value.
• -The company has $8.06 per share in cash. 

Trading Alert Details

• -Buy EFNT below $15 and hope for no negative surprises from the Federal Reserve tomorrow.
• -One Week Target Price: $18 to $21- but take whatever short term profit the market gives you.
• -Stop Loss- $13, which is the new 52 week low set today. If the stock drops below $13 there is no telling how low it could go.

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