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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: DismalScientist who wrote (65943)10/13/1999 12:25:00 AM
From: hjz  Read Replies (1) of 120523
 
Stop orders were taken out on BVSN, JNPR, ARBA. It was a nice run while it lasted but the bond being so high and now INTC earnings shortfall is giving a reason to take the profits and wait until prices come down a bit to buy back.

I wouldn't be worried about INTC earnings shortfall, there was a reason INTC did not participate in the Tech rally until late July. It was trading in the low 60's then when some analysts upgraded the stock because of promising earnings. This run was very steady until it peaked at 89 in early September and it has been trending lower ever since.

Now if you take the analysts side, you had a 50% return when they issued the strong buy recommendation in late July. However, they issued the buy because of earning expectations which were not met so the analysts were wrong.

It really makes you feel bad for all of those people who bought the stock in the high 80's expecting blowout earnings coming up. I am sure the analysts and their best customers took some profits from the rise in INTC a long time ago and now alot of people are going to be losing money in a stock that they had a large profit just a couple of weeks ago.

HJ
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