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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: AlienTech who wrote (2897)10/1/1997 9:30:00 PM
From: LastShadow   of 120523
 
Responses:

GAL - volume tapered off today, indicating that some profit taking will begin tomorrow and price will retrench - if the tick starts down tomorrow morning - sell it.

MUEI - hasn't hit bottom yet.

WCOM - hasn't hit bottom yet. However, long term is an iffy guess. I suspect the price will recover by mid next week and then fall back as they have overextended themselves. Listening to Nat'l Pub Radio on the way home today as WCOM's CEO made his little remark about buying both the other companies instead of making a 3-way deal, I feel like someone should remind him what the greeks said about hubris (the act of feeling cocky when things are going your way - it is inevitably and inexorably followed by something called nemesis...).

DATM - hasn't hit bottom yet.

TQNT - except for the last 15 minutes of trading, I would say this might be starting back up. It looks like it might drop some tomorrow after a morning rally.

lastshadow
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