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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: __HD who wrote (51296)	7/19/1999 8:27:00 PM
From: Jenna	Respond to of 120523

MSPG.. I was hoping that I was wrong and that some of them would continue their uptrend even through what I discovered was an overbought situation on many fronts. I spend the entire night analyzing those stocks on the newsletter and I was surprised to see so much short time overbought. I emphasize short term, as I think they will rebound for a while also. I had some inklings last week went I sold EBAY puts for a hefty gain after a two day hold. I put MSPG, ROWE, RAZF and SPYG on the watch list and RAZF and SPYG were good for some trading but succumbed eventually. I still think ISSX will surprise and turn out very well but I'm now into companies that are not so 'explosive and visible' but like ALLR a little less in the limelight. Also I knew that I had a pretty good watch list for the earnings plays for 16, 19, and 20 (BRYO, CDWC, ZRAN, SDLI (and others not really net related which were pretty easy plays compared with the nets) (I didn't go too far and if the nets were down I'd find something else in that list that would buck the trend and I did). I am now finding a list of stocks that are NOT overbought in the sector (I had about 7 from that list last night but they weren't the kind of plays I would have chosen, those plays were all up today, so I'm going to experiment with some tonight and see what I can come up with). I was totally unsurprised at today's selloff, and had sold all net stocks except for some puts on Friday. I thik we will bounce back again, but the volatility will be here to stay and I reiterate as I have in numerous areas on the watch list, I would not hold nets more than overnight (if that) and NEVER go on vacation and just forget them for days at a time. You are paying a price for those huge gains in days. I missed most of the run up in EXDS in the last few days but I'm sure making up for it in the puts in just 2 days. I noted the TCM