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: Alex Engelgardt who wrote (4542)	1/5/1998 2:50:00 PM
From: Jenna	Read Replies (2) of 120523

NSCP...catching falling daggers. I would stay out of it until it shows it's reached bottom. From experience a downgrade is the most likely scenario at this point. Remember EFII scenario?..EFII shot down from 39 to 14 3/4. It was down the following day to 13 3/4 and hovered around the 131/2-14 3/4 until it broke out on 12/30 when EFII was at 15 7/8. It's been on a small steady rise since then and today it hit a high of 17 3/4. If you are satisfied with a less than a point bounce (which I might want) I'd go in for a scalp but for an intermediate hold I'd wait for a definite breakout to the upside.

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