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 (12620)	8/6/1998 4:31:00 PM
From: Shane Venem	Read Replies (1) of 120523

RNWK update. Stock up 10 from my entry at 26 on July 28. (see post 12176) Been a scary ride though. Price came within 5/8 of my entry intraday in the last couple of days when the market was running scared. CA. This stock got clobbered after its last earnings report. Down 50% off it's highs. Been rallying strongly the last 3 days. Up 5 today alone. Probably a lot of short covering in this stock, but it had gotten darn cheap at 12x next years earnings. Market seems to be looking away from high multiple stocks and toward the already beaten down. Disk drives and semi-conductor stocks up strongly today, for example.

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