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To: Lynn Goodman who wrote (3422)8/2/2000 11:16:55 PM
From: BI*RI  Read Replies (1) | Respond to of 10714
 
I got my first IBD yesterday after signing on for a free trial at some site. I looked at the info including a/d rating on all my stocks (7) yesterday, and noticed the current rating but had nothing else to compare it to. Thanks for your info.

Interesting that you pick SEBL to compare it to. I bought some SEBL and CREE at about the same time at exactly the same price during the April NASDAQ attack. They both traveled together step-for-step up into the 150 range. Now on CREE's day of great decent, SEBL has one of the best days on the NASDAQ.

Go figure.



To: Lynn Goodman who wrote (3422)8/2/2000 11:45:06 PM
From: FR1  Read Replies (1) | Respond to of 10714
 
the move from "B" to "E" in 8 weeks is a sharp one.
The only problem with these measurements is that they are a lagging indicator.

For example, you mentioned that Siebel dropped from "A" to "C," for what that's worth. Today, however, SEBL shot up 10 points in a down market. So the ranking is probably going to be changed.

IMHO, almost every earnings month has a sharp sell off of stocks that have run up fairly well. Once the month is over, fund managers go over the data and start buying the stocks that have good fundamentals and good CC for the upcoming quarter. The first week of buying by fund managers (this week) is usually met by some resistance because terrified wannabe investors sell into the rally.

The CREE thing, however, has to be something unusual. The best thing I have heard is this is dumping of stock from the merger.