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: nokomis who wrote (28991)	3/23/1999 12:20:00 AM
From: Jenna	Read Replies (1) of 120523

GNSS was good for a pre-earnings play on anticipation but holding through earnings was not the way to go, but I held it as well. I have e-mailed countless shareholders from the GNSS thread and others and no one can explain why a sotck that should have been at 35 a share is now traeding at 24. I was not stopped out, I just sold after a long and profitable relationship with this company. I will get back in. The chart is really broken down at this point. Genesis Microchip Inc. (GNSS) 31 11/16 +1 3/16: provider of digital video/graphics-processing integrated circuit products posts a fiscal Q3 net of $0.19 a share, seven cents ahead of the First Call estimate, vs year-ago profit of $0.10 a share; revenues increased 141% to $11.5 mln and 33% on a sequential basis; see press release. This was 50% above expectation. Rarely do you see this happen, but it did and it reaffirms my desire to never hold a tech stock through earnings (save for a small option position or small position 2-300 shares)

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