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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: AF who wrote (81515)	2/2/2000 9:21:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

BOBJ is our longest hold to date. BOBJ I really tend to think this stock will double much like EMLX, OCLI, JDSU etc. All were babies when they were on the October Earnings Plays. What is also interesting is that all the chart patterns I watched to enter these stocks were exactly the same chart criteria as BOBJ.. The criteria were ALL 'the LSQ range'. (least square deviation) and all were bought as they dropped below the center line and/or touched the bottom line (support line). None of them penetrated the bottom line, none of them got as low as BOBJ, all had tight trading ranges and the others moved up extremely quickly once they triggered. Now I don't have any position in BOBJ any longer as the stock quadrupled and I thought it wise to close the position, but I will re-enter on any pullback. What I expect from BOBJ is like ESPD, LVLT, ANAD. Once these companies report earnings every single nasdaq rally will move them more percentage points than other stocks. ESPD although it pulled back some, opened at 66 and was as high as 74. Now ESPD NEVER would have moved that much in ordinary circumstances, but since it had such a good earnings report, it entered the ranks of the 'high flyers'.. This happens every quarter although I don't have collected stochastics, you can just see the changes in the stocks from the last three earnings reports. BOBJ will move on every rally, I'm just a little nervous about holding through so much gains.