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 (98604)	5/19/2000 8:45:00 PM
From: Susan G	Read Replies (2) of 120523

Some notes on the IBD list of AAA stocks... I'd like to keep track of additions and subtractions and noticeable changes in accumulation and post info on them. I've noticed that if I'd checked daily the accumulation and distribution on my holdings lately I might have gotten out at B or C rather than D! The ratings can change quickly (!) as we've noticed but it may help us to track accumulation. The one's that stuck out today were the green ones of course - they stood out like a sore thumb because of their strength. And you've taught us that stocks that are green in a downfall are usually the first to rally. They were: PWER, NSIT, DFXI, CHUX. ICUI and IVIS were unchanged, impressive on a day like today. OSSI, IVIS, CHUX, DFXI, ITMN, and MEDQ all had positive money flow at the end of the day. Most had below average volume except TEVA which was double average. MEDQ was getting ready to break its all time high until today : ( But there could be the makings of a beautiful cup and handle forming on the weekly chart. Remember all the gorgeous cup and handle breakouts we had after last year's correction? The one that seems really interesting is CHUX - volume was FOUR times average. It closed up 1/8 at the high with a final trade of 22000 shares. 7 block trades today. The float is only 9.9 with over 76% institutional ownership. The stock is O'Charleys Steakhouse. I'd appreciated hearing from anyone who has one of these nearby. The AAA rating, sector strength and the chart have got me interested and I don't usually trade these types of stocks. The bullishness of RARE had made me take notice of the sector lately. Restaurants have recently moved to the top 10 in the IBD Industry rankings, and as was posted earlier, the kid's still want to go to Burger King so stocks like this do okay in the current environment. Not sure if this is a lopsided cup and handle or a pennant. Or both. clearstation.com

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