Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Jenna who wrote (4344)	12/15/1997 9:36:00 PM
From: Pierre	of 120523

The day traders among you may want to look at SANM, another ECM. Since 12/2 the hi lo spread has been 6, 7, 2, 3, 6, 4, 5, 2, 10, and 8. I looked at a tick chart for Friday and today and put a 15 minute moving average on it. On those two days using just that tool as a buy /sell trigger it looked to me that a day trader could have captured 30%-40% of the spread. FWIW, it seems both JBIL and SANM have CSCO as a major customer and CSCO's last quarterly report (released last week, I think) revealed substantial build up in inventory. Solectron (SLR) reported today after bell and was .02 short of consensus, but up 30% year to year. The whole ECM sector looks extremely volatile right now. Pierre

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