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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 (25008)2/11/1999 10:53:00 PM
From: Northern Cougar  Read Replies (2) of 120523
 
Jenna..always happy to contribute where I can.

Like you I had profited on CNET in the last few weeks , well maybe not as much as you <ggg>, I recall you got out around 150.

Anyway, I was also watching CNET come down below 120 then below 100 in the last few days. I believed CNET was a bargain. But I wasn't sure when to get back in. It was YOUR earlier message commenting on CNET's great earnings report and to get in on the morning Gap or no Gap that got ME over the fence to jump in and buy it at the open.

Good teamwork I guess! :-))

Thank you Jenna, for your Call on CNET, and feel free to jump in on my favorites anytime, it wasn't moving until you bought in this afternoon , and then it just Zoomed up. How do you do that? Do you still have that that crystal ball? <ggg>

Here's more good vibes for CNET from Clearstation(alerted by SusanG - thanks Susan)>> Looks like Kensey also liked CNET today:

'kensey' has recommended CNET (Long)

'kensey' said:

Just looking at the chart of CNET makes me think that the correction
in internet stocks has gone its course and there is not much lower
these stocks can go. In addition, YHOO is again sitting on its
50-day EMA so I have every intention of picking up a 2nd allotment
of shares. Hopefully, the fact that LCOS settled for
such a lame deal will not carry over to everyone else. Or, not
every 'net company is run by idiots. Corrections are good for
enabling one to sratch names off-a the list. OK. Cross off
LCOS. But I think the CNET pan/story is going to be better.

The gap down today on CNET has got to be an exhaustion gap.
That is to say, a gap that spells a reversal in the opposite
direction. The Upswell in volume confirms this - everyone
appears to be out who wanted to get out.

The correction in the stock from 150-land I view as normal.
The uptrend is intact as the low that forms down around these
levels is likely to be above the prior low that was formed in
mid January at 80 bucks a share.

At any rate, the market cap of CNET is down 1.5 billion. That
seems more than reasonable to me.

Time to pick up and the names you think will be here a year
out. In my opinion. kensey

See the annotated graph of this recommendation at:

clearstation.com

Looking forward to the watch list tomorrow.
Best regards, Northern Cougar
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