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: Jenna who wrote (118805)	12/12/2000 1:47:12 PM
From: Jenna	Read Replies (3) of 120523

BEAS if it moves above support of 68 3/4 could be a buy. If market internals are supportive (and so far they are not). 9> BEAS - BEA SYS INC . Price= 71.0 continuing short as this overblown Baby Huey gets its wings clipped! After triggering a long on December 8 watch list failed to take out 74 9/16 point and went kerplunck! today. BEAS just took out more support at 68 3/4 and is looking like continued short bait. The pivot point is 72 1/2 where BEAS would trigger long. The next resistance is 74 9/16. 68 3/4 pivot point if BEAS moves down in the next session. If BEAS takes out 68 3/4 it could be a short trade, especially if Key Market Indicators are negative. BEAS is trading above its 20 and 200 day moving average. Getting a little toppy here as stochastics are over 80. ELNT thoroughly short bait as we waited for it to take out consolidation... they did, to the downside. BEAS short bait continuing short. PDII.. whether or not it gets upgraded called 'overdone'... is not the point. Professional detailing needs someone to do a job on the stock.

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