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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 (36529)4/26/1999 7:32:00 PM
From: Jenna  Read Replies (2) of 120523
 
CTIX...I got to it solely on what I thought would be a good earnings report. Almost like my "UBID" trade timed to coincide with my EBAY trade on Friday. And the ELNK with my MSPG and AOL trade. I had not planned to hold longer than 1-3 day swing trade. Of course now that it beat estimates I look at it with another light although for this juncture it still is only a very short hold. I'm wary of holding the nets too long. I remember Tuesday too well and the Monday the week before as well. Even a good earnings report can't move these stocks up without another small correction.

The thing everyone has to remember is that even if CTIX or others have more upside, it doesn't mean that it will move NOW.. it could pull back to 35 then move to 50 on the next cycle, but I don't want to be holding during a pullback. There is too much good stuff that has just finished correcting or about to report to hang onto one that will probably correct after a two-three day run up.
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