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

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To: nokomis who wrote (73703)11/30/1999 5:17:00 AM
From: lee kramer  Read Replies (1) of 120523
 
Nokomis: Jenna certainly needs no help from me, but the short of HLTH does make some sense. The stock has had a nice run, may eventually go much higher. But if you note Jenna's shorts, they tend to be put on when a stock is temporarily overextended...and she looks for a very short "hold". Note that HLTH yesterday opened at 46 13/16, ran to 50+ on high volume, closed at 47, 3/16 above the low for the day. A 2-4 point short, intraday, is a pretty good trade. And knowing how Jenna tends to trade, I wouldn't be surprised to see her cover and go long. She's done this repeatedly, and rather successfully. Remember; A Jenna "short" is typically a hit and run trade having little implication for the longer term trend. (Lee)
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