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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 (2875)	1/24/2001 3:32:56 PM
From: Jenna	Read Replies (2) \| Respond to of 6445

GEMS IN THE ROUGH POWI, BRIO BRIO is very strong here with excellent chart patterns trading above its rising 10, 21 and 50 day mving averages in soaring volume. The MACD is solidly bullish and so is the relative strength. looks good all around. POWI mentioned earlier is now of course overbought but we are looking for a "SYMC-like" pullback maybe consolidating today's gains and in 2-4 days another buy trigger more than likely.

To: Jenna who wrote (2875)	1/24/2001 4:36:19 PM
From: Dave Gore	Respond to of 6445

Jenna/All: HOLDING THROUGH EARNINGS? Because stocks have run up now for a couple weeks or so, they're more likely to tank on earnings than before if the report or outlook is not favorable. In other words, when stocks were cheaper, it was easier to ignore bad or mediocre earnings, but now you may find it's a different story...for awhile. Things are always dynamic and sentiment changes from one extreme to another quite easily. EX- if SNDK were still at $28, it certainly wouldn't be dropping nearly as much on their earnings report and outlook, but at $46 after a $18 run, well....you get the point. Also, we have a battle of shorts vs. longs here, I think. There are still a lot of traders and hedge fund mgrs. and fund mgrs. that want this Market down again, not only to protect their shorts but to gain a better "long" entry point, but the longs have got the shorts a bit on the run. On the other hand, stocks have run up quite a bit in the last couple weeks. Then there's the Greenspan factor - Will Greenspan help the Market tomorrow (with a clue) or even next week? It may depend on if the Market goes higher or lower from here prior to the expected rate cut. The Market is self-correcting after all to a large extent.