To: Jenna who wrote (92642 ) 4/12/2000 10:58:00 AM From: Jenna Read Replies (1) | Respond to of 120523
<<yesterday's watch list ABT, BOL, FAST, FITB, HAKI, >>> Different sectors made it. GDT might 'make it'. ENE earnings plays made it, techs not too good so I leave them. We have the right formula but we need to apply it more on stocks like FAST, ADTN than CHKP and RIMM.. CHKP an RIMM are fine for anticipation but I would never hold another through earnings again, even with a small position. Today's watch list still laden with techs might rally later on but only one, SBAC triggered, with SWY on watch. Buying on dips is like stepping through a little 'lava' and getting buried. Next weeks earnings plays will be carefully selected according to overvalued, sector, etc. High valuations will not be included. We'll catch the "FASTS" but not the "CHKP's". We'll leave the CHKP's to the unindoctrinated. 1> GDT - GUIDANT CORP .MED Price= 64.8 VL/30= 62.9 %Rnge= 98.0 Sto9V= 70.4 W14dV= 51.7 %Hi4 = 90.4 1-Dy = 104.8 50MA = 98.5 21MA = 100.3 alternate earnings play, GDT reports Thursday April 13. GDT has moved up in range. Last 3 candlesticks were bullish on increasing volume. 2> ABT - ABBOTT LABS .DET Price= 37.1 VL/30= 119.2 %Rnge= 61.0 Sto9V= 51.5 W14dV= 57.1 %Hi4 = 90.3 1-Dy = 101.1 50MA = 109.4 21MA = 106.1 News after the close and an earnings report on Tuesday, this stock should move. on high volume. 5> BOL - BAUSCH & LOMB INC .MED Price= 52.0 VL/30= 87.0 %Rnge= 80.0 Sto9V= 37.7 W14dV= 48.0 %Hi4 = 92.2 1-Dy = 105.7 50MA = 93.4 21MA = 99.3 WJCO doesn't want BOL, but BOL looks good on its own.BOL reports April 13. Earnings estimates are for $0.41 versus $0.16 6> FITB - FIFTH THIRD BANCORP .BAN Price= 64.3 VL/30= 70.3 %Rnge= 82.0 Sto9V= 44.9 W14dV= 58.5 %Hi4 = 95.8 1-Dy = 103.6 50MA = 112.1 21MA = 106.4 Very nice V-cup and handle chart formation on a strong finish on Monday. FITB is another earnings plays, not a CREE, TXCC but under the circumstances with $0.65 versus $0.55 from last year it might be worth a shot. 9> WJCO - WESLEY JESSEN VISIONCARE INC .MED Price= 35.0 VL/30= 70.6 %Rnge= 83.0 Sto9V= 17.3 W14dV= 61.5 %Hi4 = 96.2 1-Dy = 102.0 50MA = 114.2 21MA = 111.6 Did not want Bausch & Lomb to be its 'shepard'.. WJCO is a fine company that is going places and either wants more money or wants to go it alone. WJCO has been consolidating since its one day surge in March. 10> FAST - FASTENAL CO .RSP Price= 50.5 VL/30= 195.0 %Rnge= 56.0 Sto9V= 80.7 W14dV= 63.7 %Hi4 = 100.0 1-Dy = 104.5 50MA = 112.8 21MA = 112.4 So this is no CREE either but you still need fasteners and there is no better place than FAST. earnings out Wednesday April 12. looking for $0.49 versus $0.41.. high analyst rank. FAST has very good earnings and an MACD breakout. Earnings, Sales, and Cash Flow Growth is high. 11> HAKI - HALL KINION & ASSOCS INC .SER Price= 22.0 VL/30= 177.3 %Rnge= 61.0 Sto9V= 20.1 W14dV= 49.0 %Hi4 = 80.7 1-Dy = 107.3 50MA = 99.3 21MA = 96.8 This is a major top reversal pattern formed by three candlesticks called an Evening Star Pattern.. That was on April 5, 6 and 7 and confirmed today the 10th. The first is a tall white real body, the second is a small real body which gaps higher to form a Star, and the third is a black real body which closes well below the first session's closing price. Now on April 10, the reversal occurred. Still short VRSN BVSN.. short TERN, short CHKP (from morning). Long only ENE which was an earnings play and mentioned missed ESV. CREE and PWAV just long a little. Not holding through earnings. Not at all impressed with CHKP. Held 200 RIMM through earnings, wow got back 4 on a short but there was damage there. I will most likely do what I did with CHKP and short overblown stocks through earnings.