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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: jan m. who wrote (35344)4/21/1999 11:38:00 AM
From: Jenna  Read Replies (5) of 120523
 
<DOUBLE ALERT> stock #9 April 20, CDWC..earnings out at 4:00 up another 2, if you had placed your stops they would not have hit and you were safe to hold your reward was another 2 points or 10 points in 2 days. CDWC at this point it seems okay to hold at least until near the close. Any hold further than the close you will risk holding through earnings

Came in at $0.54 cents earnings versus a loss of -0.74 last year same quarter.. Here you see a tug of war between bulls & bears.. becasue although $0.54 is astronomical compared with $-0.74 it was in line with estimates. therefore they can't decide if the stock should be up or down, so you have a combination of buying pressure and selling pressure. Sharp traders will daytrade this indecision. Stock already traded at 22 up from 18 3/4.. now it's back at 19 and moving up again.. interesting.
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