Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (1292)	1/10/2001 3:09:12 PM
From: Dave Gore	Read Replies (1) of 6445

With a stated STRONG BUY but Price Target of $50 mentioned today (which are usually overly optmistic as we know), I wouldn't fall in love with ELNT, but for those who bought at the $20 level just 3 weeks ago, it sure has been a nice run. Patience is hard in this Market, but slowly getting easier and easier (and much more profitable), especially if people do their homework and choose stocks and buy points carefully. Talking about the "long" side, people now are starting to have two choices again, one of which actually involves holding longs overnight with more comfort....amazing huh? 1) Use T/A and buy "longs" on momentum swings and breakouts or ... 2) Buy when it's really so compellingly cheap that you are convinced the odds are strongly in your favor and just relax. One caveat is those darn earnings coming out. We aren't totally safe yet.

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