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: Smart_Money who wrote (3203)	1/26/2001 8:46:00 PM
From: Jenna	Read Replies (4) of 6445

PMCS, better known now as The Big Dipper, we were basically let up the garden path because of JNPR's earnings. Before JNPR and since RBAK's report every blimp dropped like a rock and even non-blimps dropped. They had us trained that "Overvalued is Beautiful" well look at JNPR. Because of JNPR, CIEN, PMCS NTAP figured they were out of the woods and P/E means nothing. Yesterday we shorted a lot but only PMCS was stubbornly holding back until we went for broke and shorted it again at 96. The point is that if this situation would have played out naturally last week a lot of investors wouldn't have had the "coast is clear" fog horn go off and reentered those stocks. Basically the last straw was TLGD's drop. It was then I decided this entire earnings interpretation system is flawed. PMCS can't possibly be up with TLGD trading at a discount to its peers is clobbered. Something is still foul out here. I'll be glad to see next week's earnings from the pharmaceuticals and oil service sector. As far as I can see, besides NOK not a lot of major bellwhethers are left to report.

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