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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: Dave Gore who wrote (119931)	12/21/2000 11:48:46 AM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

Out of ELNT @23-7/8; took a while for the report. That's 9 profitable scalps in a row. When will I get burned? Sooner or later probably but I am trying to be very clinical as it, like most, ultimately trades as the COMPX does. That Share buyback announcement was a big factor in my continuing secure feeling (at these levels) in this beaten down stock whenever it tanks. I can't believe an earnings warning is imminent (which they have never announced despite the extreme drop in this stock), is forthcoming if they just had a Share Buyback announcement. Would seem odd to me, but who knows? This continues to be a risky trade and exhibits odd trading behaviour, but sooner or later (if we don't get a warning) it should be the "comeback kid".