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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 (40353)5/16/1999 8:08:00 PM
From: Mike Harvey  Read Replies (2) of 120523
 
Jenna, hidden earnings-surprise play: PLAB.

Reports after close 5/19. Sector's fundamentals all positive. Brethren on regular calendars (Mar/Jun/Sep/Dec) all reported positive results and/or outlook; PLAB on Jan/Apr/Jul/Oct calendar, thus has had one additional month of being able to experience the good scene. There are five or six compelling technical reasons to play this stock this week. 1. We've had the Cup and we've had the bend in the Handle. 2. Bollingers curving up. 3. Weekly Stochastics and MACD at breakout points. 4. Has held well in last 10 days, look at 30-min volume. 5. SOX indicating that support at 393 is valid. 6. I own a ton.

Mike Harvey
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