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

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To: SMALL FRY who wrote (24046)2/2/1999 1:39:00 PM
From: Jenna  Read Replies (2) of 120523
 
GTAX some more: and something about MCRE, MMCN
<<I would not necessarily buy today but it's interesting to observe what stocks in my own database are bucking the trend and file that in your mind>>

MMCN... holders of this I'd consider taking profits on this one, has had a nice run.

MCRE MetaCreations to Deliver New Tool for Web Advertising

Headline Studio to Bring Powerful Broadcast-Quality Animation to Web Banners

CARPINTERIA, Calif.--(BUSINESS WIRE)--Feb. 1, 1999-- MetaCreations Corporation (Nasdaq: MCRE - news)
announced today dynamic new software for Web design professionals who want to create animated, broadcast-quality Web
advertising banners. This looks good and MCRE up in a down market

GTAX's earnings out tomorrow confirmed.. not sure if before the open or after the close. This has potential for a short term/intermediate term hold.

technicals for GTAX: One of my favorite chart patterns, The trend is strong but yet the stochastics are way oversold indicating chance of more upside.. Volume indicators are especially bullish

Their on-line presence is a good thfor them but there profits are seasonal. The stock has taken off recently and they are anticipating by next quarter they will show the profit from a recent acquisition on on line tax firm.. Even though next quarter will be the profitable one it's enough that a good report going forward might catapult this stock even now. I don't think its necessary to hold it through earnings but when they do report and if they have any further news in the pipeline, there stock can enjoy a nice steady climb to 20 by their next quarter report.

Gilman & Ciocia buys online service

GREAT NECK, N.Y., Jan 27 (Reuters) - Gilman & Ciocia Inc., a provider of financial planning and tax preparation services, on Wednesday said it has agreed to buy e1040.com, a tax preparation online service headquartered in Tempe, Ariz.

Terms of the transaction were not disclosed.

In a statement, chief operating officer Tom Povinelli called the deal a ''first step in what we hope will be an aggressive campaign
to substantially increase our on-line presence.''

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