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: Jenna who wrote (41540)	5/24/1999 5:44:00 AM
From: lee kramer	Read Replies (1) of 120523

JENNA: JWG, an old traders's view: tread lightly. The stock may be 25-30 eventually, but at the moment it's bumping into a recent "high" (early May). I've noted over the years that stocks that run up to rally highs 3-weeks after the initial rally tend to run into some resistance. JWG's fundamentals don't impress me all that much. Sure, they've got some money to spend...but they're maybe gonna join a hundred other on-line firms. No, I see this as a sudden momentum play...which if it continues will drive the price higher. But a "baby" SWS? Perhaps. More like an "infant" at the moment. Hope I'm wrong for any "longs". (Lee)

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