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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: JD Writer who wrote (52386)	7/23/1999 2:22:00 PM
From: lee kramer	Read Replies (1) \| Respond to of 120523

JD Writer: Looking at NTBK chart I see it bangin against 26, and it may hold and you may get a nice bounce up...but maybe not. One thing is clear; the stock is not in a powerful uptrend...or in a reaction within the framework of a powerful uptrend, the fundamentals will not likely induce hedge-funds, other funds or heavy-hitting traders to reach for the stock; if they want it, it'll probably come to them. My point; this may be a good trade here...but other charts seem more promising. In racing terms, NTBK is a "beaten favorite". It keeps moving down in class (price) but still hasn't been able to compete successfully. Maybe it needs anther drop or two in "class". Sometimes it's better to get aboard a horse (stock) that's beating everything in sight...whippin and drivin toward the finish-line (market close) every day...(hey Doug, you catchin this?) and every time they bump it up in class (price) it keeps winning. (Lee)