Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (92217)	4/7/2000 12:18:00 PM
From: Jenna	Read Replies (1) of 120523

HGSI, and MYGN.. biotechs are not ready for another deep profit. I see spurts of 25-30% at most for the time being. I might be a buyer of HGSI and/or MYGN after this 'dip' today. Holding through a 30-40% gain in the biotechs will only result in 10-20% corrections in between. I would hold a few positions just to 'keep a foot in the door'.. When biotechs without earnings move 30-40% in one day or even two you are going to get profit taking.. The techs are different.. where you have earnings you don't have to separate hype from fact.. You just have facts. That is why I stayed in my techs this week but dumped the biotechs (except 2).

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