S.A. Advisory E-Mail Update

September 30, 2001

S.A.Advisory newsletter release for Sept 30th & new recommendation within e-mail


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Our most recent newsletter has been released online:  The Oct/Nov 01
newsletter is packed with recommendations and portfolio results.
 
NEW RECOMMENDATION NOT FOUND WITHIN THE NEWSLETTER
 
HIGH INCOME OPPORTUNITY FUND--NYSE--HIO  YIELD 13%+
 
THE FUND IS CLOSED END AND SEEKS HIGH CURRENT YIELD-
CAPITAL APPRECIATION IS A SECONDARY OBJECTIVE.
THE FUND WAS FORMED ON OCT 23,93 @ AN INITIAL OFFERING
PRICE OF $12.50--TOTAL NAV AS OF JUNE 29,01  EQUALS $556.3
MILLION.
 
PORTFOLIO      RATING                 % OF FUND
                A                          1.4
                BBB                        5.1
                BB                        26.2
                B                         56.8
                CCC                        9.9
                C                           .1
                NR                          .6
 
CABLE/SATELLITE                               12.2%
WIRELESS/TELECO                                9.6%
SPECIALITY TELECO                              5.5%
ALTERNATIVE POWER GENERATION                   3.9%
FOOD DISTRIBUTION                              3.6%
CASINOS                                        2.9%
PACKAGING                                      2.8%
BROADCASTING                                   2.7%
OIL AND GAS                                    2.7%
 
THE CURRENT .PAYMENT/MONTH IS .078 (12 MONTHS EQUAL .94)
 
AS BUSINESS CYCLE TURNS AROUND WITH LOWER INTEREST RATES
JUNK BOND PRINCIPLE SHOULD APPRECIATE---RESULTING IN GREAT A
YIELD WHILE YOU WAIT AND  SHARE PRICE APPRECIATION.  
CURRENT PRICE $7.25
WE INTEND TO MONITOR THIS CLOSED-END FUND WITHIN OUR PORTFOLIO
FOR PERCENTAGE GAIN PERFORMANCE.
BROKER:  GREG NELSON   18012562160
 
 
SUPER CHEAP PENNY STOCK WITH LITTLE DOWNSIDE RISK!
 
FIVE STAR PRODUCTS,INC      FSPX--OTC BB
LEADING DISTRIBUTOR OF HOME DECORATING HARDWARE
AND FINISHING PRODUCTS IN NORTHEAST.
FULLY REPORTING WITH SEC
NO LEGAL PROBLEMS
13 MILLION SHARES OUTSTANDING--ONLY 2 MILLION IN FLOAT
FOR SIX MONTHS ENDING JUNE 30TH--REV REACHED $50 MILLION 
AND NET INCOME/SHARE EQUALS .02--BOOK VALUE .173
 
FSPX SHOULD EASILY SURPASS $100 MILLION IN SALE FOR 01
AND WE ASSUME NET INCOME/SHARE SHOULD BE AT LEAST
.04
 
AT PRESENT PRICE OF .14-FSPX TRADING @3.5X EST.01 PE
EST. PSR FOR 01 EQUALS..02 AND TRADING  @ 1X BK.
 
BASED UPON FUNDAMENTALS FSPX EXHIBITS LIMITED
DOWNSIDE RISK @ CURRENT LEVELS.  IT COULD ALSO
BE A TAKEOVER CANDIDATE (SHOULD BE WORTH AT LEAST
.50/SH)
 
AOG.TO  & ELK.TO --RUMOR CIRCULATING ABOUT TAKEOVER--
RECALL BOTH ARE OIL AND GAS COMPANIES LOCATED WITHIN
WESTERN CANADA!!!HOT AREA FOR NATURAL GAS DRILLING
 
YOURS TRULY WILLIAM VELMER    EDITOR OF S.A.ADVISORY & SAADVISORY.COM
 
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