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

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To: Cactusjac who wrote (72919)11/23/1999 12:49:00 AM
From: Jenna   of 120523
 
Finally able to get the watch list e-mailed to subscribers after 2 hours. SMTC did NOT trigger but that was what I expected. I did however think it was going to report this morning and not after the close otherwise I'd have gotten in with a small position same as I did with NTAP, INTU before. These are the most difficult plays to call as at first glance there is no 'anticipation' but if you look harder you will see the 'sell-off' or 'shakeout' is precisely what is happening as the stock is being 'readied' for a move up.

The 'anticipation' was the run up pre-earnings and the 'close call' of the shakeout should be called something else rather than 'anticipatory upswing'. Something like "final shake-out" before report. This would only work on fundamentally strong stocks like NTAP, INTU, ORCL, SMTC. It would be much harder to predict on stocks like the nets, or any stock that doesn't exhibit at least 50% EPS growth. Its a strategy still in its infancy but it should be worked on since its a money maker..

You can really just play these ONLY by experience which is why I emphasized at least watching the play and the similarities with NTAP.
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