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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: Rose K who wrote (80635)1/26/2000 1:30:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
MKTY.. PLUG triggers finally after an upgrade. MKTY already sprinted from the upgrade but PLUG was down 16 points after the upgrade. If you enter PLUG, be sure to put in a stop as this ones moves like quicksilver. Of course it is CYTP just popped up on my intraday scans I thought someone else might know.. But now MKTY is coming up and this one was a buy a long time ago, when I first noticed the technology and the deal with PLUG etc.. MKTY has lagged behind PLUG but lately has surged ahead of PLUG. What I am doing is preparing for a 'sprinter' when and if NASDAQ turns. Yesterday the highest flyers moved even higher and since I'm not daytrading today just selling and buying some I noticed the price volume scans were blazing for MKTY as well. I am looking for a few hour hold until the close.. preferrably a spurter..

SAN FRANCISCO, Jan 25 (Reuters) - Robertson Stephens said Tuesday that Hugh Holman started coverage of Mechanical Technology Inc. (NasdaqNM:MKTY - news), Plug Power Inc. (NasdaqNM:PLUG - news) and SatCon Technology Corp. (NasdaqNM:SATC - news) with buy ratings.

-- ''We believe the deregulation and restructuring of the power industry in the U.S. and Europe will create new opportunities for emerging power technologies,'' said Holman.

-- ''Historically comprised of regulated local monopolies, the electric utility industry is now being restructured to allow retail competition. This transition, in our view, will greatly stimulate the industry's appetite for innovation.''

-- Shares of Mechanical Technology rose 7-3/16 on the Nasdaq to 60-1/8 in the morning.

-- Shares of Plug Power slipped 16 on the Nasdaq to
120-1/2.
-- Shares of SatCon rose 2-7/8 on the Nasdaq to 25-1/16.