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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: Jenna who wrote (87370)	3/8/2000 2:32:00 PM
From: Jenna	Read Replies (4) \| Respond to of 120523

ULTE..here we have another pattern of strong uptrend and one deep correction. Ordinarily I wouldn't call ULTE a potential play because the corrections are very steep, just as steep as the uptrends and that is not what we want. Now its obvious that no one is impressed with ULTE now but with 120.00 % expected growth in earnings next quarter it might move AFTER earnings. Which are scheduled to be released on March 9 $0.44 cents with a P/E of 19 compared to 72 P/E for the sector it is still undervalued. Of course there is no telling how long it can stay this way but TWTR got nice moves when it reported earnings in the last two quarters, and ULTE is making more money than TWTR (TWTR is one of my favorite haunts)...