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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: John Liu who wrote (1729)1/15/2001 4:21:52 PM
From: Jenna  Read Replies (2) of 6445
 
XIRC should open around 24 to 25 in the morning. The fact that it was heavily shorted over a weekend makes for unwise strategy. There would have been plenty of time to short LLTC, TER, JNPR, or XIRC on Tuesday before earnings. Other semiconductor stocks might show some anticipation before earnings and shorts should understand that a likely candidate for buyout like XIRC is not a good and dependable short. There is no way I can regret not being long XIRC, I never would have done that either. The volatility in the semiconductor sector will be huge this week and we should see others bite the dust, however, I would have thought XIRC with a comfortable P/E ratio to continue up.
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