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To: Lynn Goodman who wrote (3437)8/3/2000 12:13:58 AM
From: FR1  Respond to of 10714
 
The only way I can see to handle investing is to pay close attention on earnings day to the report plus the CC. Then, within a day or so, pay attention when the broker reports come out. I go to:

cnetinvestor.com

They are basically telling you what they intend to do over the next short term. If you have a stock that reports well, with more orders than they can handle and tremendous growth ahead, the brokers are probably going to do a strong buy on your stock. CREE, as you can see, got 3 strong buys and one buy. That's very good.

I do my buying based on that. Then I try not to let the spin masters change me unless something really fundamental happens.

I bought SEBL after earnings because the numbers looked great, the CC was great and it had six (6!) strong buys put out on it. That's as good as it can get. Of course, SEBL crashed 30 points in the week after that but now earnings are over and the fund managers are going after the good guys so SEBL will go back up - today was the start.

It is significant to note that in after hours CREE dropped all the way down to 82 and now is back up to 88.