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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 (119948)	12/21/2000 12:53:45 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

BEAS.. 10:00 after a miserable open like many others was the time to go long we waited for 60 to be sure but its up 4 from our trigger.. I would be selling this one a momentum retreats as its more than likely going to retest that pivot point short. There will be more earnings warnings and I'm holding only positions that have either already reported and are 'out of the woods' or severely beaten down like EXAR, JBL, TLGD, ELNT, FLEX and maybe even those not too long. A rally is only a rally if it proves itself on 3 sessions at least otherwise its a bear flag relief rally and not to be taken seriously. I would only be holding stocks that have retreated to comfortable multiples like TLGD, EXAR etc. The others will give us a platform for new short set ups. We covered finally RBAK today and SNDK was a dog, a real dog and once stocks have their earnings revisions lowered there is no coming back.. I'm concerned about both SEBL and SANM and would not hold them overnight. We are here to milk these stocks for what we can get out of them and not be chumps for another earnings warning like T and LU.