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

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To: Jeff Jordan who wrote (10683)6/25/1998 9:16:00 PM
From: Jenna  Read Replies (1) of 120523
 
PDS, great earnings this afternoon ...and so?

Undervalued, Good earnings reports, but where are the profits for stockholders?

I was once very keen on the oil service sector. My biggest profit ever came from the sale of CDG options just about a year ago. (MikeB remember!!). Everyone talks about how undervalued the particular stocks are, how much growth going forward, how they are the world's leader in their particular niche (PDS,SCSWF,DO). But the bottom line is for swing traders and position traders it is like walking through a mine field. PDS came out with stellar earnings late this afternoon. I had a couple of e-mail asking what I thought. Well I will play it like I played VTS a while back. When I see the stock move in the morning I'll believe it and act accordingly.

SCSWF is a super company with 6 strong buys and fantastic niche and has given me so far pockets of one-day profits. I expect earnings to be good, but I'm weary of jumping in. PKD is coming out with earnings tomorrow (yawn!).. valuations for PKD start at 36$ a share and go up to $44.. valuations for PDS start at $39 a share and go to $77. SCSWF is the most; valuations start at $36 in one case.. and go to $150 in some others. Growth going forward for all them are from 21% a year upwards. But I don't expect them to act like the technology sector any time soon. If you sat around and did nothing this week the technology sector took off without you.

I don't think PDS,PKD and SCSWF's earnings will propel the sector to any real rally, a smallish gain in some ...and poof your "rally" fizzles like it did this morning. I'll wait and see. If the sector has a good day tomorrow, I'll be on it, if not I'll get my stocks in order of which is breaking out tomorrow.
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