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: Alan DeVaney who wrote (1627)	7/7/1997 12:49:00 PM
From: LastShadow	of 120523

DSPG and FTU My concern with FTU is that its pretty high in its yearly range, even though it has 14 Strong Buys and 8 Buys and 8 Holds by analysts. With the dividend just paid out and the possibility of improved earnings, it could well move higher. My concern would be that profit takers could dump it if the estimate only meets or barely exceeds analysts recommendations. The big boys would sell off and it will probably drop down below 86 (at which time it would be a screaming buy). With so many analysts sayings its a strong buy, my contrarian instinct would say to sell at the first hint of a decline and rebuy if it tanks. Once all the analysts get on board saying its a great buy, you know the funds they work for are looking to short...BTW, I rarely buy stocks that cost more than $75 (which would you buy - 2000 shares of NSCP or VTSS or 1000 of FTU?), and never when its within 25% of its high (simple mathematical potential). DSPG has an interesting chart. I don't follow it, but I did take a few minutes to puruse the numbers on it. Two months into its climb, my concern wouldn't be that it isnt a good company, but that with the volume of buys its had someone should be looking to take profit. This late in the climb cycle for any stock is always risky to forecast continued growth. Like ASPG, if I'd bought it mid- through end of May, I would be planning on selling right now (just a cautionary note there). Just as a side note, its better to look at a stock one month into a climb rather than 10 weeks later. The chance for loss/reversal/correction is greater the longer you wait to enter. By the way, I once read that an 'expert' is one who makes his mistakes quietly...not sure I qualify... lastshadow

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