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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 (84942)2/26/2000 3:55:00 PM
From: JEB   of 120523
 
BIDS is ready to go soon. The chart looks like a good buy point for a long position or even a swing trade. BIDS should see a steady uptrend into the next earnings.

Please reference the chart:

bigcharts.com

It shows a year long cup pattern in an ascent position off the 52 week low area. Management has turned in record revenues but losses were heavier due to investment in b2b personnel and structure in the effort to attract more b2b clients.

siliconinvestor.com

I believe this investment will pay off in the next earnings report. That is why I expect a slow uptrend in the stock until then.

Good trading Jenna,
JEB
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