Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (87555)	3/9/2000 10:35:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

ULTE + 4.76% mentioned yesterday did finally report:Ultimate Electronics Reports Record Fourth Quarter and Annual Earnings DENVER, March 9 /PRNewswire/ -- Ultimate Electronics, Inc. (Nasdaq: ULTE - news) announced today its operating results for the quarter and the year ended January 31, 2000. The Company reported that net income increased 290% to $8,427,000, or $0.88 per share on a diluted basis, for the year ended January 31, 2000 from $2,160,000, or $0.26 per share on a diluted basis, in the prior year. Sales for the year ended January 31, 2000 were $384,983,000, a 17% increase from sales of $328,907,000 for the prior year. Comparable store sales were up 16% over the prior year. Gross margins for the year were 30.0%, compared to 29.0% for the prior year. The gross margin increase experienced in fiscal 2000 was primarily due to the following: Increased sales of new digital technology products; Increasing inventory turns to 5.2 compared to 4.9 in the prior year; A 116% increase in DVD sales at slightly higher margins; and Increased sales of accessories. Selling, general and administrative expenses for the year ended January 31, 2000 were 26.0% of sales, compared to 26.7% of sales for the prior year. This decrease in expense as a percentage of sales resulted primarily from leveraging fixed expenses against the 16% comparable store sales growth.

To: Jenna who wrote (87555)	3/9/2000 11:01:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

CEGE is starting to struggle with its 10 day moving average which was my buy signal yesterday at 41 1/2. CEGE was a sell at 47 5/16 and it is not sustaining the rise as solidly as ABSC. CEGE has had 6 days of consecutively lower highs and is on the way to completing a descending triangle formation within the main uptrend. A second buy would be above 47. For daytrades its okay because of its wide intraday range, but at this time it is not signaling a buy but if it falls below 44 will be a drop from the 10 day moving average. The 20 day MA at 37 is of course the lower limit and is still rather far away which means CEGE is essentially in a correction within the major uptrend. A second overnight hold could be likely but I wouldn't hold it overnight unless it rises above 70% of intraday high (its at 54.83% now) and/or takes out today's high of 47 7/8. IF CEGE makes its move it should not be chased same as ABSC was not chased before. ABSC did NOT confirm the buy signal of the uptrend yesterday in the morning of the the one the day before, but if you waited you got an extra 12 points.