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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: AlienTech who wrote (2072)8/3/1997 9:33:00 AM
From: Kevin Stull   of 120523
 
AT,
I sold a portion of my position before earnings and have stocked up on more
shares at the current bargain basement prices. Also bought Sep 22.5
calls figuring that 6-7 weeks would be enough time to get it back to a
reasonable PE, although I hope that for both of our sakes it happens
sooner rather thatn later- the time premimum on the Sep will hurt after a
while.
Are you following any other stocks? I am looking at AMDas a quick play
this week. The Robbie Stephens meeting last week really got a lot
of people very bullish on the semis- AMD being one. Despite INTC
dominance AMD still has a role and should fare well. The stock is
beginning to come out of an oversold condition and is currently at 36
3/8. I am betting on 40+ soon.

Best of luck,
Kevin
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