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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 (119974)	12/21/2000 2:03:14 PM
From: JakeStraw	Respond to of 120523

Dave, MCRL can be a fairly predictable mover at times...

To: Dave Gore who wrote (119974)	12/21/2000 2:23:25 PM
From: Jenna	Respond to of 120523

Nothing is predictable.. but for me personally and professionally, I like to short those high multiple stocks when they retreat from the 100 and 20 period moving averages. When they trigger long I hold them until that drop.. They are usually just in bear flag rallies, so the preponderant trend which is the downtrend reasserts itself quickly enough.. as you can see with BEAS, MUSE, JNPR, MCDT etc. As for other stocks.. there is no way of knowing. In these 'bear flag rallies'.. you can look at the support/resistance levels on the DAILY charts when they trigger short and you will more than likely see more support taken out from the DAILY charts as well as the INTRADAY charts.. We move from the premise that HIGH MULTIPLE STOCKS will not be able to sustain these high valuation. We adhered to that philosophy even before the tech sector crashed. We have had confirmation in the last 3 months and with these many companies prewarning how more much so is the possibility that those with high multiples will warn and crash.