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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 (117942)	12/3/2000 12:42:36 PM
From: Jenna	Respond to of 120523

RIMM, short bait as it finishes a bear flag rally. Who says oversold can't go lower and who says stocks that rally off a head & shoulders breakout to the downside will continue up? Because so many oeople are much more optimistic than we would expect them to be it was a contrarian indicator. If newsletters are overly optimistic, that's a bad sign. When the rally fizzled so quickly on Friday, that was the first sign that perhaps self-fulfilling prophecies don't last long. We need to be openminded this week and not influence d by those looking for bottoms... or we will be Waiting for Godot. We look at the market, its leadings sectors, correlating leading stocks and see which ones might have sold off enough and enter long per the chart patterns. We don't necessarily get into stocks with high P/E's and low future growth estimates (RIMM had 120% reduction in Earnings growt this year).. and get entangled in short bait right at the platform where it could bet an ideal set up for lower prices. Earnings expectations for RIMM in 2001 (parentheses means negative Q1a $0.00 vs. $0.03 (100.0%) Q2a ($0.02) vs. $0.03 (166.7%) 6 mos. ($0.02) vs. $0.06 Q3e ($0.01) vs. $0.05 (120.0%) Q4e $0.03 vs. $0.05 (40.0% marketgems.com marketgems.com has 7 strong buys and 7 buys...most of these ratings come from bankers who underwrote rimm's ipo and the recent spo. Piper Jaffray underwrote the recent spo and put a strong buy on rimm this friday. in effect upgrading their own stock. We might as well UPGRADE CMVT, since we want it to to go up for anticipatory upswing.