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

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To: LastShadow who wrote (8126)4/21/1998 2:28:00 PM
From: Shane Venem  Read Replies (2) of 120523
 
MARG is another one to scratch your chin about. Closed at 7 and change yesterday (after moving up 165% on the day) and gapped up more than 100% at the open. I thought I might day trade the stock today, but when I saw that gap I balked. After the open, it sold down a point or two as traders couldn't pass up a 100% gain right off the bat. Then the stock reversed and steamrolled to 29 1/2 in less than an hour. Yep, I'm scratchin my chin.

-Shane
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