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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: john rieck who wrote (46294)6/24/1999 4:08:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
DISH, Sorry, I couldn't answer timely but obviously no, I did not pick up DISH, but it will be on top of my list for tomorrow. I was watching stock #8 like a hawk, it owes me <g>.. anyhow #8, #6, #10 all in positive territory but I picked up neither. Only 3 out of our 11 picks are negative with 8 positive,so I've been busy.

DISH is (or was) perhaps the strongest stock in the market today, literally, with a relative strength/performance at 99, but now the technical rank is falling below 30 which is actually good. DISH was becoming very overbought and uptrend was unsustainable and the correction was inevitable. Paradoxically yesterday DISH was rated a strong buy and the satellite stocks were good for Wednesda/Thursday so I would expect it to start to rebound very soon, probably tomorrow or Monday. (06/23/99 8:04 am) - CIBC STARTS ECHOSTAR COMMUNICATIONS (DISH.O) AS STRONG BUY - MARKET SOURC