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

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To: Jenna who wrote (89565)3/22/2000 2:28:00 AM
From: Jenna  Read Replies (2) of 120523
 
for tomorrow: MDEA.. we had this company called before and it did very well about the time it was featured in Investor's Business Daily. I'm still bullish on MDEA and its supposed to declare earnings on Wednesday. An important factor is that before earnings MDEA was given a "strong buy" rating by prudential. With the corrective pullback this can only add to the appeal of the company. MDEA moved above resistance of 49 today and closed nicely. The only downside is that if MDEA does NOT beat estimates we can expect a pullback. We don't have to rush just keep a watchful eye. There is a future for this company and tomorrow is only one day in that future.

MDEA develops, markets, sells, and supports digital video systems that enable a wide range of professional communicators in business, education, and video post production to create complete, television-quality video programs quickly, easily, and with great creative flexibility. When one compares its competitors, most of their market cap. are above 1 billion, and MDEA looks rather undervalued with only around 400M market cap., even double at this level, it's still cheap. MDEA has earnings and we are looked for about $0.09.

Last time it was called on the thread it was up 23% in one session.

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