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: Jerry Olson who wrote (94391)	4/21/2000 8:36:00 PM
From: Scrumpy	Read Replies (2) of 120523

Hey Jer, KLIC was the only strong ADX w/MACD bullish crossover Friday on my lil' scanner. I'm keeping cool on techs. Cracker Barrel, funeral parlors, head-hunters and coffee (GMCR) are doing great, though. Everything else looks very weak. Earnings just aren't inspiring anyone. I was surprised to see so few in CMRC Friday (could just be the holiday). Their numbers say a lot about the future (at least short-term future) of e-commerce and BS-2-BS dev, and even with their 70 or so new, power hitting clients they only did around $30M (?). I expect similar behavior w/JDSU next week. Between taxes and last weeks carnage, I think many are exhausted. Also, an analytics co. in Chicago (I'm prohibited from divulging) has noted a significant (huge) decrease in small lot (< 500 shares) trading. Such evidence suggests many new traders have been washed-out, are temporarily abstaining from active/aggressive trading, or are paying Uncle Sam (or a combination of all three).

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