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: DlphcOracl who wrote (65486)	10/11/1999 12:52:00 AM
From: Jenna	Read Replies (1) of 120523

You picked some group, the creme de la creme. AMCC, overbought, VTSS overbought..PMCS.. overbought QLGC looks good, but every day is like dog years with these stocks... If VTSS sells off enough and it sure had a good stab at it, it will return to make gains. They were all in the special newsletter (strong stocks that have pulled back looking ripe....)right before they made their great gains then sold off.. I could have loved being able to short them on Friday, but really didn't get in only ALTR but it wasn't for much. I tried to short VTSS twice before, once was okay, another time I ran for cover, literally. If they sell off enough during the next 24-72 hours they might give more. Take KLAC for instance, fantastic revenue predicted but the sector might just correct for a while longer. If you notice they are all correcting as a group and the market climate for that group is a bigger determinant than if they stay overbought or are oversold. Its obvious the earnings have improved for the reporting quarter, but the price of the stock in the recent weeks has reflected a lot of that increase.

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