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: Ellen who wrote (70064)	11/8/1999 2:04:00 AM
From: Jenna	Read Replies (2) of 120523

Short Term Shorty Shorts. The following are fine stocks but appear to be quite extended. If these move up tomorrow, I'd consider placing shorts on first rally. If they move down, I'd place a short on the first uptick. They are some of the most overbought stocks as you can see by their extremely bloated 10 day moving averages. (technical indicators were also overbought to the extreme). 1> GOTO* - GOTO COM INC . 10MA = 139.0 2> DIGL - DIGITAL LIGHTWAVE Price= 36.5 10MA = 174.7 3> CMRC - COMMERCE ONE INC DEL 10MA = 140.8 4> ALLR - ALLAIRE 10MA = 124.5 5> PHTN - PHOTON DYNAMICS 10MA = 127.7 6> NEWP NEWPORT CORP 10MA = 126.9 *This is not a recommendation to short these stock or part of the Market Gems Watch List. It is only an opinion based on technical indicators. Please do not take any 'shorters' advice as the gospel. Do you own DD and watch the tick. We don't want you to lose any money as stocks lately have been rising much more quickly and very unshortable for the most part. But you should be prepared to make money as they go down in the same way you made money with them going up.

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