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: nokomis who wrote (113097)	9/4/2000 4:35:21 PM
From: lee kramer	Read Replies (2) of 120523

Nokomis: At the risk of being a buttinski, let me give you my take on STXN...and the conundrum you posed; STXN had a breakaway gap (21-22 1/4) followed by a 1-day run from roughly 22 to 26. Then a 3-day bull-flag bringing it back to 23 1/4. Then a 3-day bust out of the flag on nice volume expansion to 28. Sure, STXN looks a bit short-term overbought as Jenna indicated. But if you lok at the daily chart...the stock looks like a fine trading buy on a pullback...the stock is clearly in an uptrend. No guarantees of course...but the probabilities are highly in your favor if it's bought on the pullback....with a sell-stop of course. I shall watch it and buy the pullback should it occur. (Lee)

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