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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 (75021)12/10/1999 11:23:00 PM
From: Jenna  Read Replies (1) of 120523
 
SEBL & BOBJ..http://www.marketgems.com/bobjsebl.html A little 'relief' of pressure and the uptrend explodes once again. SEBL Watch List December 8. I had it figured to move more because of the nearness of the short term correction to the 52 week high. It barely moved down 2 points, retraced those 2 and lost them again Thursday.. But today exploded up 9 points. So technically at its explosion it was 75 1/2 just one point below its price on the 8th. So why the extra two days of see-saw only to explode at nearly the same price it was on 12/8? Just to throw us off..and to show you how important it is to track the 'better' candidates (i.e. FFIV, WEBT, SEBL) for 1-3 days or you will miss the inevitable explosion.

About the same thing happened with BOBJ, it corrected if you take your telescope on 12/7 you will notice and I shorted it twice and covered and that correction was enough to propel BOBJ 24 points the text day..
Moral:
Once those tight channel stocks leave their middle or even upper trendline line for 1-3 days and only a 2-3% correction, gear up for another explosion through the top of the trendline and 10% plus gains

It's been like that with earnings plays like those for over 18 months and it still never ceases to amaze me. You can basically make a good living trading a few dozen earnings plays and maybe 10 net stocks, but its just more interesting to try the new ones.

December 8, 1999

5> SEBL - SIEBEL SYS INC .DCS
Price= 76.8 VL/30= 43.2 %Rnge= 93.0 Sto9V= 87.2
W14dV= 69.6 %Hi4 = 100.0 1-Dy = 102.7 50MA = 135.9
10MA = 107.0
New 52 week high, but it has broken out after a short term ascending triangle (short term correction) so there could be more upside.SEBL
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