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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 (17282)10/21/1998 2:53:00 PM
From: Jenna  Read Replies (2) of 120523
 
IHS pops about 7/8 point, POWI/BEST...just a small word of caution
BEST also from the newsletteer is now coming back strongly, but has reached a new high. up 12 points in two weeks,started to retreat a litle yesterday.

I just want to say that POWI is anything but a beaten down stock.. It's strong it's chart is excellent MACD, relative strength volume patterns, especially up/down volume patterns (meaning the stock has more volume on up days than on down day).. Stochastics are now OVERBOUGHT..

People have been taking nice profits from this company, just be a little cautious. If a company beats estimates its great, but if its run up too much it might not be that great. BEST which is another fabulous stock on the newsletter has been gone from 14 to 26 since the market gems newsletter was printed, two weeks ago. It finally pulled back yesterday. That is the reason also that I prepare the newsletter 7-10 days before the companies report. Now I love BEST and will definitely reenter but I'll be waiting for more of a pullback.

I am still above all a trader and not a 'buy and hold' for months kind of person. If a company becomes overbought and starts to decline as BDK and HDI and CLX did I'll retreat to find one that is bouncing off support and indicators show it is breaking out from oversold line.
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