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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (43813)	6/9/1999 3:50:00 PM
From: Susan G	Read Replies (2) \| Respond to of 120523

I was thinking that people are unsure and scared to hold it through the day of earnings. Or maybe they think earnings are today.

To: Judy who wrote (43813)	6/9/1999 4:20:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Yeah...i'm in it to win it!!!!! i hope??? <gulp>...

To: Judy who wrote (43813)	6/9/1999 4:21:00 PM
From: gladman	Read Replies (1) \| Respond to of 120523

Judy, been in and out of CMGI 3 times since Friday and having a blast. CMGI may not be "driven" by earnings, but i think tomorrow we'll see strong upside movement. In times of uncertainty it may make sense to the investing public looking at the internet sector to seek an earnings candidate vs. just investing in bell weathers like AOL, LCOS, AMZN etc... additional news events wouldn't hurt either. Dave

To: Judy who wrote (43813)	6/9/1999 6:08:00 PM
From: briskit	Respond to of 120523

Judy, I have been trying to figure out CMGI lately (traded it a little). A daily chart shows a descending triangle narrowing quickly with long term support. It has painted itself into a tight little corner here. It did gap above resistance yesterday at the open and got to 113, but couldn't close above it. That resistance line is declining each day. It couldn't get above it today when the COMPX was up 45 and the IIX was up 6. I would say there is no room to bounce here. It has to convincingly break out. This would not be a P&F break out, which must be up about 120 (guessing). The other issue is that its weekly MACD histogram is still going south, and the MACD just crossed the signal line a couple weeks ago and is still headed toward Mexico. Dailies are improving, but big picture is undecided at best, but going down now. I was hoping to trade it today but had no confidence in its action. Any other thoughts out there? (Lots of others look just the same- e.g. AOL, or have required new long term support lines to be drawn recently AMZN, YHOO. These two are below every moving average except the 200 day. ATHM is below the 200 EMA--good for OJ!). MD