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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 (14975)9/17/1998 2:21:00 PM
From: CuttotheCore  Read Replies (1) of 120523
 
Jenna, I picked up afci at close yesterday at 9, rode it to 8 1/8 this am and am holding. Saw the A Brown upgrade, if we presumed that this accounted for part of the accumulation over the past several days and today, then where would we expect further buying, short of additional upgrade. I had hoped for resistance below 11, apparently shorts are on this one for ride back down. Remember L. Rukeyser's words last friday, for $1.99 you can get the best indicator available, the YOYO. Looks like it comes down to buying or selling at the close

Someone asked about clec, I see it is down 2 9/16 at 6 3/8, but other clecs are up slightly, icgx & icix. Cramer, at tsc did a story on icgx when it fell from the 30s and called it a bull mkt stock. They are all losing so much money that they only have value in a bull run. Clec has a war over billing with bellsouth. They are a big player to fight. Clec ceo released a story that its no big deal. When the knife stops falling it usually has to bounce, but it can hurt on the way down. IPO 3 months ago was at 18, open at 21. Tempting. fwiw
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