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

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To: Jerry Olson who wrote (86177)3/2/2000 4:27:00 PM
From: Jenna  Read Replies (2) of 120523
 
Ariba Announces Two-for-One Stock Split, PARS,IMMU, NGEN, CELG, TEVA and ESCM were okay today. GZTC and GZMO were not but I'd rather chance a 3% loss than miss what happened with IMMU. Would you give up the 11+ on SCII or take a chance on a loss. SCII was not as overbought as MCKC. It was actually OVERSOLD on the 24 and has been on a new uptrend.

Watch List February 24, 2000
4> SCII - SENSAR CORP
Price= 34.6 VL/30= 86.6 %Rnge= 95.0 Sto9V= 27.3
W14dV= 52.5 %Hi4 = 85.4 1-Dy = 109.9 50MA = 113.9
21MA = 96.3

SCII oversold triggered a buy already with 10 day moving average
breakout... Stochastic oversold and breakout

There are always biotechs that correct, but an excellent biotech in a correction is what we want. ABSC and GLGC still moved up today but stocks like CEGE its inevitable. With a trailing stop its better to lose 4-5% of a 100% gain than chance to lose an extra 10-22% on an extra day of uptrend. My choices for short today/yesterday were MCKC and JAZZ which were so overextended it was almost a nobrainer, although I never did short MCKC.
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