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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: __HD who wrote (118810)	12/12/2000 3:59:12 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

MANU looks to be eminently shortable.. let's wait for some recovery before it gets clobbered.

To: __HD who wrote (118810)	12/12/2000 5:57:26 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

MANU.. is not going to be easy, because it more than like will be like CMVT and do well especially if they have a good report and get a standing ovation. The caveat here for a MANU trade would be ON THE LONG SIDE as close to the close as possible If the market internals are strong, there are no new companies calling shortfalls, we might have some upside in MANU although I doubt it. Its looking for Q4e $0.06 vs. ($0.03) 333.3% which is a lot of promise in that prediction. It is now under support but still trading in a V-Cup and Handle chart pattern with 52 as the next pivot point on the long side and 53 3/4 followed by 56 3/4. However the sector is not holding up that well and its not very likely MANU single-handedly can keep itself up without support. The last two trading session are forming that handle and meanwhile the stochastics which were overbought are now moving down below the 70 area.. so we will have a release of pressure before earnings. If there is a rally in the nasdaq, it is likely MANU will participate, but we have 2 full days before earnings are out and I'd look at some possible gains on the long side before MANU would be short bait.