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

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To: saulmon who wrote (21797)1/12/1999 6:36:00 PM
From: Jenna  Read Replies (1) of 120523
 
aliveinsf.. NTBK perfect melding of fundamentals/technicals/timing

first of all about the messages.. don't let it impede you from asking I don't mention the amount to stop you or others from asking just trying to apologize for NOT answering... I'm handling the ones from subscribers and SI first (that's only about 200).. and a lot of those are just comments and the such..

NTBK.. I picked it up on December 30.. and I sold it at the close of the session.. So it was a position trade for about about 10 sessions. It hit my target price of 35 before earnings came out and I was worried about possible shorts.

<1>Timing:.Earnings are going to be released Jan 18.. so that alone puts NTBK in the forefront for me ahead of any others I might contemplate..
so timing here is essential.. for example I would not contemplate a stock that has its earnings release in February over a stock that has a release in 1 week, nor would I spend too much time on a stock that has nothing to do with earnings in these critical 2 weeks (January 11-23)..

<2>Historical price patterns: NTBK has been a very successful trade for me on two separate occasions and both occasions it has been a hold from 4 sessions to 13 sessions..to 10 sessions. So now we have 'historical results'.. It had recently 'retreated' from a surge in November and then again one in Mid-December that ended when the MACD and MACD Histogram and Stochastics dropped drastically.

3)Momentum of sector: NTBK is in a sector that is already exploding.. for example I was following LEN but did not give it the attention I gave NTBK.. NTBK is one of a group of about 10 second tier internet related stocks that I particularly like and follow.

4) Fundamental Analysis: They are expected to give a postive quarter earnings of $0.13 versus a negative -$0.14 which is a difference of about 192% last year same quarter.. Add points for a negative to positive quarter.. Remember that NTBK is the first PROFITABLE internet bank out there..

5) Technical Analysis .. the day I picked up NTBK.. it was on a plateau after a strong upsurge.. the MACD histogram was under its 0 line and the MACD was trending down as well.. stock was also flirting with its 13 day moving average and falling below than bouncing off.. On that day the MACD triggered a buy signal, and the MACD histogram triggered one as well..the volume indicators were also turning upward and bullish (they are now bullish as well with both negative and positive volume index bullish)

So I would emphasize that the more 'points' you gather up for buying a stock like NTBK the better the chances of a good trade.. There are others like NTBK out there.. NITE is another one that reached my target in only 1 day..
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