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

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To: kendall harmon who wrote (59337)9/2/1999 3:13:00 PM
From: Jenna  Read Replies (1) of 120523
 
PHCM is not a stock to short for long term. I wouldn't take it home. I took NTOP home (only 1/2) ONLY because I did have an indication that its was struggling on an up nasdaq day while conversely it had a held on to strong support for much of the day on Tuesday, while other nets were down 5 -8 points NTOP was down about 2. PHCM was down quite enough to suit me yesterday, although i might have chanced a long position today, if I had had the opportunity (also not to take home)... Of course getting into HLIT would have been fun, but alas it was not to be.

I got EFNT yesterday while it was rather high, but it slowly dwindled near the close and I decided to hold that one also through today and the follow through was satisfactory. I rarely do that however.

I still think that 'shorty shorts' are the best way to go. I did however miss a lions share of the EXTR short (probably left 50%) on the table but since it was an option it has different 'characteristics' than the stock. Shorting is not easy but something there seems to be opportunity knocking on the door and if I can I'll enter.
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