Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jenna who wrote (54238)	8/2/1999 12:39:00 PM
From: red_dog	Respond to of 120523

We are only looking to short the BIGGIES, the AAPL's, the DISH,the AOL's the CREE's ; the Sweethearts of the Market, the CPQ's, the LXK's, GNETs and ironically probably better off going long at times the stocks with the biggest question marks (like CUST, SWCM, STMP) as long as we don't foolishly wait around for months and miss out on the party while these failing stocks do nothing or give scant gains at best. God don't let Susan see this.<bg>

To: Jenna who wrote (54238)	8/2/1999 12:41:00 PM
From: Scrumpy	Respond to of 120523

Nice post, Jenna.

To: Jenna who wrote (54238)	8/2/1999 1:02:00 PM
From: uclatrader	Respond to of 120523

option investor start QLGC as short play this week QLGC - QLogic Corp. $166.87 (+9.44)(+15.75) If time is money, then QLogic is providing eight of the ten top server manufacturers with better speed and performance than their competition. Companies like IBM, Dell, Fujitsu, Quantum, Hitachi, and others, all view QLogic as the innovator and the place to be when it comes to providing SCSI, enclosure management products, storage subsystems, and data storage peripherals. Qlogic is so innovative, that they were the ones who provided the industry with the first standard SCSI processor. Labeled as one of the "most booming young companies" of 1998 by Fortune Magazine, they are responsible for the new growth market of Fibre Channel. This is allowing them to be ranked a true leader in the electronic components and semiconductor industry. What an incredible few weeks it has been for QLGC. On July 14, the company announced a 2:1 stock split. A very bullish move considering the news was made public a day before their earnings announcement. Then they gave us the earnings surprise investors were waiting for. A $0.60/share earnings vs. the $0.49 estimate. Investors have been rewarded handsomely with this news, and have also been provided opportunities for entry due to the volatility of the stock. The price run into the stock split has been exceptionally strong, considering our market conditions; however, it is time for QLGC to rest. We believe that the post split depression will cause the stock to retreat substantially. This due mostly profit taking and catch-up to our current market. Also, the close Friday put us above the top Bollinger band on our charts. If we see a gap down Monday, the slide should be quite strong due to this formation. It can an extremely bearish signal when market conditions are negative also. This play is not for everyone. You'll have to watch the stock for an entry point Monday morning. Plus you'll need to call your broker for the correct put option symbols. Their 2:1 split is effective Monday and is bound to cause some confusion with most online quote services. The correction we are looking for could be as short as 1 or 2 days or it could last a couple of weeks. You'll need to watch it closely. Only good news to report on this stock. They are being added to the S&P MidCap 400 index, along with several brokerages upgrading the stock, in addition to what has already been mentioned. When all the good news comes at once, as it has with QLGC, it doesn't leave any excitement for after the party. We think the party is over for the short term, and puts should be our play. Due to the volatility of this stock, the fact that the trends have been strong to the upside, and there may be some Johnny come lately to the party, use extreme caution before entering. Remember, 7 out of 10 stocks go down after a split. There is a 30% chance we'll get hit on this play, but the odds are in our favor after such a strong ramp up the last two weeks. NO OPTIONS are listed. Call your broker for the new put option symbols. Average Daily Volume =424k Chart = quote.yahoo.com shuo

To: Jenna who wrote (54238)	8/2/1999 1:13:00 PM
From: Clang	Read Replies (1) \| Respond to of 120523

Jenna-What's your take on PHCM? Also what's outlook for August? Usually I'd want to be out of the nets and many techs, but a lot of them have already taken a beating.

To: Jenna who wrote (54238)	8/2/1999 1:44:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 120523

DEAR ABBY......Goldman's Cohen Predicts 'More Moderate' Gains in Stocks, No Bear Market By Nick Olivari Goldman's Cohen Sees Gradual Rise in Stocks (Update1) (Adds viewpoint of rival strategist in graph 6 and Cohen's targets from 7th graph.) New York, Aug. 2 (Bloomberg) -- Goldman, Sachs & Co. investment strategist Abby Joseph Cohen forecast ''more moderate'' gains for stocks in coming months, and said she doesn't expect a bear market. Previous bear markets were generally preceded by overvaluation and ''catalyzed by deterioration in economic performance, such as a significant rise in inflation or weakness in corporate results,'' Cohen wrote in a report to clients. ''We don't believe that either condition is in place.'' Cohen, one of Wall Street's most optimistic and accurate strategists, said the Standard & Poor's 500 Index has reached ''fair value territory, suggesting that future price gains likely occur in a more moderate fashion.'' Corporate profits will drive further gains, said Cohen. Companies in the S&P 500 should ''easily'' meet her projection of 7-8 percent growth in operating earnings per share, she said. Cohen said she will review her full-year profit forecast when more complete data are available in coming weeks. ''Our valuation approaches suggest that the S&P 500 has ranged between 5 percent undervalued and 5 percent overvalued since March,'' Cohen said in a report to clients. ''In previous cycles, overvaluation reached notably higher readings, typically 15 to 25 percent.'' Cohen's optimism contrasts with that of Barton Biggs, chief global strategist for Morgan Stanley Dean Witter & Co. who said last week the stock market could have '' a correction at least and perhaps a cyclical bear market'' over the next two months. Cohen's current year-end target for Standard & Poor's 500 is 1325. The index gained 13.26 to 1341.99 in midday trading. The index returned more than 20 percent annually for the past four years, and is up 9 percent in 1999.