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: steve wong who wrote (93151)	4/13/2000 1:11:00 PM
From: Jenna	Read Replies (1) of 120523

SWY dropped like a rock..even 'old economy' stocks will be beaten unless the earnings number are terrific. I will not be a holder of any stocks through earnings. It doesn't pay and if I were an investor I'd be mightly careful holding even investments. SWY doesn't look like its done dropping. Okay so ALTR, FILE, ADTN and FAST were up soundly, but what about the others. I advocated selling RIMM after just a daytrade the day of earnings yet others kept pumping up RIMM and decided to hold through earnings. That is not safe, wise or exercising good judgment. Gambling is for Las Vegas, not for traders. Its not just tech stocks but ANY stock is dangerous. Wait for the inevitable rise AFTER earnings. I'd even short a 'gapper upper' on its day high. The next day it will most likely be down. The THIRD day however, things get back to normal and that's when I'd consider getting into a position hold (i.e. INFS, ADTN, FAST, FILE) For confirmation I'd even wait another day or two.

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