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

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To: red_dog who wrote (62945)9/23/1999 10:45:00 PM
From: hjz  Read Replies (1) of 120523
 
Even after today's sell off, high tech stocks and Internets have still had an incredible run up in the last month and a half. Look at some of these moves:

MSFT from 81 to 98 +17 points
SUNW from 65 to 94 +29 points
CSCO from 56 to 73 +17 points
YHOO from 116 to 186 +70 points
EBAY from 80 to 160 +80 points
EXDS from 51 to 89 +48 points <split adjusted>

And this is just a sampling of the dramatic moves in the high tech stocks in a little over a month. You have to expect profit taking when stocks move up this much in a short period of time and whenever this happens it always is an opportunity to buy once the dust has settled.

HJ
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