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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (268)	12/29/2000 6:31:03 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

ISSX a company in the retreating internet sector marketgems.com ISSX was posted on the watch list as a potentially classic shorting opportunity. ISSX was given as 83 and indeed although ISSX reversed a little before 83 it moved down to the pivot point and got shot down to 75 15/16 before closing at 78 7/16. The downtrend has now resumed and ISSX is also down another 3 3/16 and is trading at 75 1/4 after the close. ISSX still trades at a P/E Ratio of 224.11 4> ISSX Internet Sec Sys Inc. Price 84.36 Looking for a short play here for ISSX First level of support is 77 3/4. In the event that ISSX continues up in an internet sector rally, ISSX resistance is at 89 but I would look for it to take out the high by 10:00 or the low by 10:00