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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: Frederick Langford who wrote (82306)2/9/2000 12:02:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
TWTC .. when stocks give such large one day profits, I would cash in no matter how much I like the stock as a longer term hold. YOU CAN ALWAYS REENTER. TWTC Chart posted yesterday: 209.238.58.46 I just closed 75% of my NWS stock for 25% gain even though I am bullish on this stock long term. WHY? Because I have a feeling NWS might just sell off as its reaching new high after new high. Earnings Plays are just that.. you play them on or around earnings and you take a profit.. then you 'lurk' and see what the stock does and if it is all you think it is you reenter. It was possible with ESPD and it will be possible with both TWTC and NWS.

Another point is illustrated by stock #9..2/9 EP +15% It is struggling to hold onto an early strong gain. When earnings plays lose momentum due to the magnetic force of a downturning market, you should expect that stock to bounce with renewed vigor either after its own report, and definitely if the market shows any signs of rally (before the stock itself actually reports).. Of course this goes without saying AFTER the stock reports. ERTS is a fine example of a stock that was pulled into the magnetic force of a down market only to break away rise on its own merit after a decidedly positive earnings report.