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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: Lane Hall-Witt who wrote (86846)	3/7/2000 5:14:00 AM
From: lee kramer	Read Replies (3) \| Respond to of 120523

LaneHall-Witt: NERX would have been a good short if I could have borrowed the stock to short it. Your point about the CEO being interviewed on CNBC after hours was well taken. Sometimes though, things work out negatively for a stock when the CEO is coming on to talk. I noticed that from 4:00 to 5:50 p.m. yesterday NERX traded after hours between 54-56 or so. This was strange. It should have been flying or at the least leaning upward. Instead, the buying was met with selling. And while the CEO who came on just before 6:00 p.m. spoke well, it was clear from his words that profits and "success" would be many years off. The stock quickly dropped another 10 points. Is there a point here? Yes, and I'm trying hard to get at it...I guess you want to see the stock really take off prior to or during a CEO interview. If it doesn't, it suggests "trouble"...i.e. selling into anticipatory buying. (Lee)