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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: kendall harmon who wrote (97461)	5/12/2000 9:44:00 PM
From: Jenna	Respond to of 120523

Grabbed HWP short into the close as my fourth short position of the session (VRTX is gone).. Adelphia and Mindspring were both down the last two hours. Wanted to post the HWP short, but beside the intentions, never got to post. LCOS were it not for their position as takeover candidate and the Latin American market I would have shorted it as well. LCOS is probably the first one I'll look at on Monday as a short term shortie short through earnings or as near earnings as possible without 'falling through the ice'.. We had a great 2 day rally especially if you held overnight. I would not be too concerned since I lightened up to 20% of my original positions even on my favorites. I now have a basket of 'tech remnants' from the 'best of litter'. I wish you saw the e-mail I have been getting the past few weeks from those 'stuck' in stocks since March so I have more faith that beginning a to re-enter some techs at 100% discount will pay off when we look back. I also always short or go long 1-2 representative stocks in a rally/selloff especially when the rally/selloff fizzles. VRTX was the first short which I covered, then there was GNET and TERN all posted. HWP only the intention to short was posted. We got some great plays these past few days with T, A, AMCC, CREE, CMOS, QLGC, CTXS,NTAP, FLEX, VRTX and a few others, and I'm not one to complain. ZLC and ENE were great and fortunately I got out of BBBY yesterday. Of course I still got 'hit' with HAL, HOTT and a few others like KO, but not unexpected and no real big deal. Last night there was no 'fizzle' so I remained long through the close. As I said, we don't need more and more picks, just a 'all clear' sign. When the techs sell off, you lighten up but not necessarily sell off entirely. I don't want to be out of the game completely, as you saw in today's gap up morning how nice it was to have long positions. My personal disappointment this week was selling NSIT and IMRS right before they rallied but that's the way it was. Perfect trades are done in imaginations.