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

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To: Smart_Money who wrote (4168)2/8/2001 4:12:44 PM
From: Jenna  Read Replies (1) of 6445
 
MRK.. nice looked at it today and there was negative comments. We are holding puts in SDLI, EMLX, RIMM and I covered BEAS,ADBE and ONIS. For ADBE target was 35 but I settled a bit higher. No a lot of puts.. the RIMM's are older. SDLI crashed through the double bottom area of 178 where it was short.I still think there is about 15% left for SDLI short, at least. NTAP target was 35. BEAS was on target all day the target is first 50 than in the 40's around earnings time. CSCO and GLW (barometers) both are at their 52 week lows and closed at the low of the day. Ironically a host of earnings plays, especially PKTR powered today.

I'm not a died hard here, I'll cover if I see the writing on the wall.

So far every one hit around target even CFLO at 8 1/2 is 1/2 off target. Of course I covered that one too soon also at 10.
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