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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: puborectalis who wrote (99748)	5/26/2000 4:29:00 PM
From: garrick le	Read Replies (1) \| Respond to of 120523

If you believe in election year 's theory ...that is the mainstream prediction. I certainly hope you 're right but timing is everything. When the NAZ rallies,it will be at least 1000 point upwards but the million dollar question is when. I think it will be August ,some think it will be next Friday when the employment report is released ... others think it will be July ... I sure hope it is coming soon since it 's too painful to see so many stocks becoming falling knife. GL

To: puborectalis who wrote (99748)	5/26/2000 7:34:00 PM
From: Jenna	Read Replies (5) \| Respond to of 120523

Summer rally just in time for the earnings season. I'm not sure if anyone noticed but although earnings plays have a distinctly different 'flavor' than ever before, the Anticipatory Upswing is usually huge and the sell off is not huge but pretty consistent. What we are seeing also (i.e. CMVT (25%), ULTE(reporting today), INTU, SKYW, AGIL, UNFY, PUMA) is that the worse the charts are before earnings, the better. ULTE's chart was fine but that stock displayed a lack of volume on the very day it triggered its first buy signal making it not a good 'example' of an earnings play strategy. I don't think we can short the earnings plays indiscriminately AFTER the report either. Because they are so depressed the 'correction' is not that acute. I would prefer to just go flat on the day of earnings than try any fancy 'shorting techniques'.. There were actually shorts in INTU the day of earnings report, they were hoping INTU would give back the double digit gains and correct down to support. Instead it was up 40% in two days. Also note the selloff of PUMA was not that convincing, as if there is just no more interest or fear of holding these stocks. Another catalyst for me is CIEN. CIEN is the only "earnings play" in the last two weeks that I was both long AND short. When CIEN settles down into a new multi-day upswing, I will be ready to rebuy SMTC, CIEN, NATP, AMAT,JDSU,TQNT,CSCO,NVDA, TER, TXN, LRCX, AAPL, KLAC, RFMD and even maybe SEBL. A wonderful new basket of 'tech stocks' is being 'woven' as I post. I have no doubt we will enjoy some new gains as a bottom is not as far away as we think. However, for me there will always be a "TOP" and I'll not hold even my favorite Israeli techs for any more than a 8% haircut. I'm not sure there are as many on the sidelines as you think there are. I think rather there are many traders that lost on Margin accounts and many investors are down 100% from their stocks' highs. I get too many e-mail from investors to ignore the preponderance of 'when is this going to be over'.. kind of queries and how long will it take 'to get my money back'. I don't know more than the next person, but one thing I am sure of. The tech rally that will ensue will be probably just like the one we had in January. I don't think traders/ and new investors will control themselves and the stocks will probably run up to spikes once again and this time I'll be 100% ready, and not hold 10 or 12% invested in 'remnants' like I did before.