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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 (115615)	10/26/2000 2:12:50 AM
From: Dave Gore	Respond to of 120523

I have followed VSH and KEM carefully for many months. They are not exactly in favor but are probably so "Safe" at these levels with such limited downside risk that we may see a return to these stocks as valuation plays and tech stock "safe havens". At least for a few days. I would love to see them dip a couple points more tomorrow, but we will have to see. It's unclear whether semi stock sentiment is turning (mostly)positive again, but I think that at least 50% now believe that there are reasonable or even mildly compelling bargains like LRCX with a PE of 8+ (which I sold out of at 19-20 in the last couple days and is almost cheap enough to buy back again) or KEM/VSH. I think that VTSS and TQNT should be avoided in light of the optical warnings unless they retrace further and then begin to rise in temporary snapback with NT, JDSU, and GLW, but some others can be considered close to buys, imo. I believe you also alluded to shorting the drug stocks at the appropriate time, too, as concerns about new drug legislation (especially if Gore continues to climb in the polls), could surface. I agree it is worth watching. Otherwise health stocks are doing well. I wish I knew that industry better. Even some select dot-coms are making a comeback in light of AMZN's report. I was watching beaten down RRRR rise by about 35% after hours today after they easily beat earnings consensus. Stock rose from 4-1/2 to 6 on very little buying. Could be a fool's trap, but still indicates that some big boys may be amenable to buying the group if an earnings report is favorable. Any others, folks?