Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Northern Cougar who wrote (24929)	2/11/1999 12:01:00 PM
From: Jenna	Read Replies (2) of 120523

CNET ..okay I'd consider it a buy at 110, but don't forget GNET which is inching towards its 100 for first resistance and then its onward and upward to 117. Just don't lose site that although many of the Internet stocks have hit their lower trading bands and are trying to bounce. CMGI, GNET, GCTY,ELNK YHOO, LCOS, BCST and many others are showing short term bottoming. They still have a few weeks until they build up enough of a base to start thinking about complete bottoming.. and building the famous 'right side of the cup' from the cup and handle formation. Only then will I consider holding these for more than a few days. On my 'net wish list I'm hoping that ELNK continues to fan the flame begun by CNET (its a shame we had no 'anticipatory upswing' with CNET) and we can continue the gains in the sector at least until then. That was my wish and I built the strategy on the premise that it would continue, since this not a daytrading thread my strategy does not look to exit positions on the same day of entry.

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