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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 (93716)	4/17/2000 1:01:00 PM
From: Bob Biersack	Read Replies (1) \| Respond to of 120523

Long WEBT @ 22 1/4

To: Jenna who wrote (93716)	4/17/2000 1:08:00 PM
From: Jenna	Respond to of 120523

ETEK is not that hard one to read for tomorrow. Earnings were okay but its being moved on earnings and should relax after today's gain. I'd rather be a buyer of PHCM at this point. I'm contemplating shorting ETEK as it moves to higher highs and IF it shows signs of 'peaking' and moving back down on the intraday chart. ETEK IMHO is still overblown, but the moment I'm watching. I am more inclined to short, very inclined. Their merger with JDSU where is it at? I'm not sure. Trades at a Premium PE Multiple of 169.8 X, vs. the 63.1 X average multiple at which the Communications Equipment SubIndustry is On January 20, 2000 Sutro & Co. Incorporated analyst Natarajan Subrahmanyan issued a 1 page Daily Notes Report on E-TEK Dynamics Inc. Report highlights: 'The company announced plans to merge with JDS Uniphase. A BUY rating was maintained with a price target of $275. The three-year EPS growth rate was projected at 40%.' It was then priced at $225.. on January 20. Now ETEK is 141 and still looks like a blimp. This just my own personal opinion based on fundamental analysis and factored in with the amount of fall the 'big' stocks endured in relation to some of the less overblown stocks. It should not influence your decision to buy or short, just to carefully judge and not rush in because a broker called it a 'buy' and set a ridiculous price target on ETEK 3 months ago.