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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: tsigprofit who wrote (116852)	11/16/2000 10:00:26 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

AGIL..there are no after hours triggers. AGIL (earnings play) was a morning pick on the long side but from 10:50 there was a downtrend that continued until 15:35 whereby there was a reversal to the upside. Actually this reversal triggered at 65 3/16 with market internals not conducive to a long position. However if you entered AGIL at 65 3/16, it did reach a spike high at 67 7/16 for a total 15 minutes of gains. What happened next would have stopped out a trader who didn't leave with a profit because AGIL dropped to 63 7/8 by the close. A stop loss should have stopped anyone out. What might have happened was that AGIL's drop triggered a 'psychological' trigger meaning its huge move down might actually be a move up on any good news so it was more of a 'how low can we go' kind of thing. But anyone who held onto AGIL would have had quite a loss if they held into the close. If they bought in the last few minutes after the drop it was not because of a bona fide technical trigger. AGIL was not triggering any buys in the few minutes near the close, however as a compelling earnings play, it could have offered a pretty good risk/reward situation after that rather large loss on Thursday.