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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 (12509)8/4/1998 6:05:00 PM
From: Jeff Jordan  Read Replies (1) of 120523
 
DB 14:34 DECLINERS CLOSE OVER ADVANCERS 4 TO 1 ON NASDAQ.
DB 14:34 DECLINERS CLOSE OVER ADVANCERS ON BIG BOARD 5 TO 1.

Jenna,

We know we saw it coming! I'm only getting chewed up on USWB and now AFCI....USWB did make a comeback today from low to close up 1 5/16 . AFCI got nailed at close -2 9/16. I feel comfortable enough to ride it out. Recovery will happen. ASND is still a bargain. I'm hoping we are near the end of this correction. Time to pick the hardest hit and bluest of the blue chips if you have the money let. I started buying a little bit too soon.

I believe buying on dips is now out....and selling into rallies will now be the mantra for the near term....earnings plays don't seem to be the play...however, knowing who has the best earnings performance will be key in picking bargains for the short term!

Time to be defensive,
Jeff
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