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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: bobby is sleepless in seattle who wrote (71729)11/16/1999 12:26:00 PM
From: stan s.  Read Replies (2) | Respond to of 120523
 
AAPL, hi Bobby. I'd use caution with AAPL here. The move today on no volume means very little. Being overbought can be healthy but AAPL's got a few too many indicators trying to lead it down IMO. My guess is it'll try and base around 90 (give or take) short term and could very well fail. Downside appears to be 80.

It'll be pretty easy to peg, just watch for a breakdown of that short term uptrend from early September. Notice that bearish harami 5-6 days ago indicating weakness after an uptrend...that's getting some confirmation.

If it surges above 96 3/8 or so in the coming days you'll know it's recovered and the above is moot.

All the above still refers to the shorter term daily. Still booming on the weekly going forward.

This is all just chart stuff....a lot of news coming could affect it greatly in the short term.

Best with it.

Stan



To: bobby is sleepless in seattle who wrote (71729)11/16/1999 6:31:00 PM
From: Jenna  Read Replies (3) | Respond to of 120523
 
S-P-L-I-T..NTAP+15% + another 4 1/8 after hours! Our earnings play, called out a number of times today, exhibited what I would call a picture perfect display of "Anticipatory Upswing." before a good report.. After the close it announced a stock split.

Last Update: 5:20 PM ET Nov 16, 1999 NewsWatch
Pulse

NEW YORK (CBS.MW) -- Network Appliance (NTAP: news, msgs) saw its shares soar in after hours action on news of an earnings surprise and stock split declared by the provider of network-attached data and management tools.

Meanwhile, the Nasdaq said its trade reporting and quotations system returned to normal for the extended-hours trading session following a 17-minute breakdown in the final moments of the day's regular trading session. See full story.

Network Appliance posted second-quarter earnings of 19 cents a share, 2 cents above than the First Call consensus forecast and 8 cents better than the 11 cents posted for the comparable year-earlier period.

Shares of Network Appliance surged 4 11/16 to 108 1/8 in trading over the Island ECN after closing 15 percent higher at 103 7/16 in Tuesday's trading. Network Appliance said the stock split will be distributed on or about Dec. 20 to holders of record on Dec. 10.