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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 (94915)4/27/2000 1:50:00 PM
From: Jenna  Read Replies (1) of 120523
 
BOBJ retracing morning gains. I was concerned because the gains were coming on less volume. The breakout came at 11:15. If BOBJ can hold above 75% of its intraday high it might gap up tomorrow, but I would only hold if the general market indicators (TRIN and TICK) and S&P futures were in agreement. For intraday trades our earnings plays will buck the trend, but overnight that's when the forces of the general market trend might win over. So unless they are positive going into the close I would not be a holder of BOBJ. Let's wait for the 'artificial' climate for bobj to settle down and see what happens tomorrow and Monday.

Business Objects Reports First Quarter 2000 Results
Revenues Up 47% Over Prior Year
Net Income Grows 117%
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