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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: HandsOn who wrote (15947)10/1/1998 12:06:00 AM
From: Jenna  Read Replies (2) of 120523
 
HandsOn..If look at the watch list I have stocks from varous sectors, beaten down;non-beaten down. I'm glad I picked up FDO and SWY. I expect retail sector to shake off their fear and make further gains. Lots of blocks were picked up by institutions. When the time comes to pick up stocks like VRTS, MFAC, LGTO,CPWR,CXTS, NEON, AAPL and AMAT, I'll get them before another surge. Strong stocks break through resistance line, break out of bases to make new highs. PAYX is a good example.

Weak and beaten down stocks often trading below their 200 day moving average..Often trading at 52 week low after being slashed for 1/3 to 1/2 of their prices. If they maintain a good fundamental rank they become viable trades over and over again. Thankfully I have about 100 of them so when some are trending up, others are trending down. It's very cyclical.

I you can't find a trade from that basket of opportunity you then can try your hand with the earnings plays like I did today and all this month. It was obvious that FDO and SWY.. hanging on through the sell-off had to do with earnings coming out tomorrow.

When all else fails, the internets play a very fast market for options trades. I expect the trend will be easier tomorrow, I do think it will be up but I won't be precipitious.
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