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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 (117974)	12/3/2000 11:46:50 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Short Bait: INTC and MOT might have some earnings warnings. We might want a short term shorty short on MYGN and HGSI however, I would not discount the fact that its actually these two and others like VRTX, ADRX, GILD, UTHR (with its promise of FDA approval) might be the future instead of the technology sectors.

To: Jenna who wrote (117974)	12/3/2000 11:47:53 PM
From: Jenna	Respond to of 120523

CMVT and CIEN Although I like CMVT, and it only trades at 35% premium to its industry P/E the market climate doesn't seem to favor it for upside. although it is expected to earn $1.40 cents a year (2001), a rise of 40% in 2001 and 73% in 2002. After volatility returns to normal and market indicators are favorable, CMVT might be a better buy than some other major telcomm Equipment manufacturers. Third quarter profit forcasting by analysts is rise of 31% in earnings from the same .<br> Much of the upside we might have seen already on Friday although Monday will be quite a volatile day for CMVT.<br> <br> On August 29, it had a 6% earnings surprise and was down immediately after and on May 31, CMVT had 6% earnings upside surprise and was initially down as well.<br> <br> <b>Intraday 10 day chart for CMVT:</b><br> MACD s showing as oversold, Volume indicators are fine, 4 day accumulation/distribution points to a breakout on Friday .018, Relative strength at 44.83 is bullish, Stochastics at 45.38 are also bullish, but the 10/50 moving average oscillator is showing a very weak -10.50, Money flow is positive<br> <br> CIEN:<br> <br> for the year 2000 analysts expect a profit of $0.31 per share. which is definitely an improvement from the last year's loss or 4-0.01. Fourth quarter profit estimate are for $0.13 which is a 712% rise over the $0.02 last year same quarter. However CIEN has a P/E multiple of 248 compared with the average P/E of 49 for the communications Equipment Subindustry.<br> <br> <b>Technicals for 10 day intraday CIEN:</b><br> CIEN 14/5 stochastics are still in oversold. Its 4 day accumulation/distribution is -0.65 (compared with .018 for CMVT as it has broken above the 0 center line on Friday). 10/50 moving average oscillator for CIEN is negative at -19.93