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: Jenna who wrote (11210)	7/9/1998 11:08:00 PM
From: Oeconomicus	Read Replies (1) of 120523

Jenna, EGRP should be reporting soon. The last two quarters, they reported in the first week of the month, but apparently the company's IR people are talking a week or more from now. Anyway, it seemed ready for a move one way or the other a couple days ago as it had been consolidating in an increasingly narrow range. Recent news seemed positive - their acquisition news the other day was a plus, IMO - and with the internut angle and earnings due, I figured up was the likely move. I see resistance around $26 or so for several reasons, so I'm thinking of taking profits on the calls I picked up the other day. Do you see any reason to expect its rally to continue much further? Seems to me we'd need some really good news to break above $27-28. Bob

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