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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: livn-let-buy who wrote (116229)11/8/2000 12:00:31 AM
From: Jenna  Read Replies (2) of 120523
 
<font color=aqua>TMPW, HGSI and SITE could rally, but its strange that the stocks with the WORST earnings reports, sometimes rally more, simply because so much bad news and 'earnings revisions' to the downside are factored into the low stock price already. Conversely, any GOOD NEWS is likely to cause a 'sell off' and profit taking. HGSI had an upside earnings alert, but it will probably sell off. SITE also had a very good report but lets watch this one more than likely sell off.

Any doubts the techs are in a bear market? All NEGATIVE news is completely and unequivocally OVER DONE, and all POSITIVE news is completely and unequivocally IGNORED. So if techs are "up" tomorrow, you can be sure any rally will be sold into. Of course there are those that say the elections will help the market, traders are not aligned with any 'side' or viewpoint. We'll play both sides and if some techs rebound tomorrow, we won't miss out, but if ANY bad news comes out, we're fried again. On the other hand, good news.... well first lets see some GOOD news and decide.
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