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

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To: Maxwell Fashola who wrote (6998)4/2/1998 4:38:00 PM
From: Jenna  Read Replies (3) of 120523
 
SDTI..From experience these dead cat bounces are like catching falling daggers. But I have no doubt SDTI will be a buy. You won't have to chase it. I like going after the 'street beaters' at least there are no surprises imminent. Take MCD.. looked overbought to me after their upgrade and it went up another 6 points. FINL looked overbought to almost everyone but it went up another 5 points. The reverse is true for the battered stocks.. CPU was down big and on such a good day today it was still down. In my experience you have a better chance on an OVERBOUGHT stock than on an OVERSOLD one.
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