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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 (42080)5/27/1999 1:17:00 AM
From: Doug Robinson  Read Replies (2) of 120523
 
Agree with your last post. For me I relish the opportunity to grab some of the undervalued ones during sector sell offs and hold them for a six to eight week period when I think their earnings will exceed expectations. This is especially true with the nets when they get hit. Today, ABOV fit this type of pick up. Paine Webber reiterated it's buy on Monday. They have a $60 target on this one. CIBC reiterated it's strong buy on the 19th. Lehman has a $55 target. What's not to like at these prices!! Even if they get hit I feel good about picking up one's like this at 50% plus discounts to the analysts guesstimates. Lot's of upside and limited downside IMHO. Picked up several and I'm not particularly worried with the prices I grabbed them at. DCLK was one great example earlier this
year when you could have grabbed it presplit at under $76 ($38) a share in a internet sector sell off.
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