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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 (16498)10/8/1998 5:45:00 PM
From: Jenna  Read Replies (1) of 120523
 
e-mail: COF.. when you have a stock of this caliber go from 90 to 52 in 5 trading sessions you are going to expect a strong rally! Traders should especially be aware of stocks that tank this much. They can usually profit when investors have ravaged a stock like this. This is where our "Market Gems" come in. Among the rubble of COF we can can profit. Same with those in the sector that 'identify' like PVN.. Let both of them remain in your databases through tomorrow at least.

13:36 ET Capital One Financial (COF) 54 -13 (-19%): In reaction to stock's 18 pt drop yesterday, company reaffirmed its full year earnings view. However, investors not responding, due to concerns that weak secondary market for credit card debt will inhibit company's growth and possibly cause a liquidity crunch. [ed. note: Well the investors' took care of that worry in a hurry!]
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