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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 (12394)7/31/1998 3:27:00 PM
From: Jenna  Read Replies (2) of 120523
 
e-mail..SFNB... APCC....MU...ASND...ACTM...BEAS

SFNB. out at 23 13/16.. Still holding AOL.. good thing about stock is that it can always bounce back unlike the option.

APCC doing very well despite the market climate.. Earnings Plays that beat the street will always outperform the market

MU on the watch list for the past 4 days.. is still doing fine.

ASND..Street Sours On Ascend As Acquisition Rumors Continue To Swirl
No, I think there are better plays out there. ASND was up pretty much on a variety of rumours.

NEW YORK -(Dow Jones)- Investors soured Friday on networker Ascend Communications Inc. following an article in this week's SmartMoney magazine that suggested the oft-mentioned takeover target's stock is overvalued, perhaps deterring a suitor from considering an acquisition.
Interestingly, a report in Time Inc.'s Money Magazine this week suggests that Ascend is ripe for a takeover.
In active midafternoon trading, Ascend (ASND) shares were down $7, or 14%, at $44.50. Volume of 19.5 million shares made it the most-active issue on the Nasdaq Stock Market

ACTM..I mentioned yesterday that I was very bullish on that company, I still am.

BEAS.. A good prospect. BEAS although previously downgraded has had 2 consecutive days of gains. Stochastics were still oversold going into today but stock really showed improvement today. With the market now down 173 points, I'd file this one away as having withstood the downward pressures of the market.
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