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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: kendall harmon who wrote (72640)	11/21/1999 4:46:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

True for investors, readers of Barron's and those that will be holders of Gillette, BMY, and other 'non-movers' exhibiting no volatility, nor appreciable price moves to the upside. Traders are weaned on volatility, the more the better. In fact position traders and intermediate holders are also becoming 'fans' and buyers of more volatile equities. The criteria has to be high estimated earnings velocity and acceleration quarter after quarter and very high revenue growth for this to 'work' with longer time holders. Volatility is not for investors because you don't want the stock that has gone up 30% in a year to be down 30% in a few days.. Paradoxically its the lack of volatility that kills these DOW and certain NYSE equities. You get a slow mover with 30% gain and suddenly it can get wiped out within a day or two with some news on earnings, or just insitutional malaise.. and leaving the stock in droves. Technology stocks are where the money is. The stocks are volatile and will remain volatile, but they will be volatile to the upside with higher highs and lower lows. If Barron's and NYT don't like it they malign the daytraders.. its actually boring and predictable. I just did an re-analysis of CCUR an earnings play from August 10, 1999 by myself... thereby saving $150 by getting the report from First Boston. 209.238.58.242