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

To: Ryan Mak who wrote (6020)	3/7/2001 7:19:12 PM
From: Jenna	Respond to of 6445

Important Observation. The Low and High establshed by 10:00 We have been shorting and going long MERQ very consistently this week. However when we have a situation like today... a gap UP and 3 bars of strong upside on the minute chart. By the third bar, a turn was observed and it was 9:40 at the time. The best way is simply to sit and wait for 9:50 or 9:55 and see where the trend is headed, that is why we say the low/high established by 10:00. If you look at the two charts we have "long entry after 51 1/2" which was yesterday's high. Today we discussed the HUGE importance of the intraday chart SUPERCEEDING the daily chart especially in such a situation like today.. and from now on as we have established in the past month, we will have an intraday chart 'embedded' inside the daily. When in doubt LOOK TO THE INTRADAY.. and NEVER make a trading decision in 95% of cases before 9:50. You can't decide the direction of the trend until then so when in doubt, WAIT for clear direction. I got stopped into a trade 51 7/8, using a buy thought would not stop until 10:00 at the high of the day. The closer till 10:00 you wait, the BETTER THE DECISION WILL BE.. The earlier you enter, the worse it will be. Finally MERQ straightened out and the other shorts were far easier and MERQ finally did regain the momentum to the upside. SO NEVER DO ANYTHING UNTIL 9:50 ---> better 9:55.. and 10:00 if there is no clear trend. The NQ's were beginning to pull back as well somewhat strongly. marketgems.com marketgems.com Handcuff yourself to the chair, have some coffee, write a poem, a letter to Alan Greenspan, whatever but make no trading decisions until 9:50.

To: Ryan Mak who wrote (6020)	3/7/2001 7:36:44 PM
From: Jenna	Respond to of 6445

CONFUSING.. that's putting it mildly..GMST

To: Ryan Mak who wrote (6020)	3/7/2001 9:04:15 PM
From: Ron	Respond to of 6445

- Gemstar-TV Guide International Inc. (NasdaqNM:GMST - news), a maker of interactive programming guides, on Wednesday posted a strong fourth-quarter gain in operating earnings before charges, fueled largely by the company's July purchase of TV Guide magazine. Pasadena, Calif.-based Gemstar reported operating earnings before stock compensation charges, depreciation and amortization, of $112.3 million or 25 cents per diluted share, up from a pro forma result of $90.8 million or 20 cents per share for the same quarter in 1999. The year-earlier numbers were adjusted to include results for both Gemstar and TV Guide, whose merger was completed on July 12, 2000. The combined company reported a fourth-quarter net loss of $126.2 million or 31 cents per share, compared with a pro forma profit of $23.1 million or 9 cents a share for the same quarter a year earlier. The net loss reflected a $227.5 million amortization charge related to the acquisition of TV Guide, Consolidated revenues for the fourth quarter ended Dec. 31 were $358.1 million, down about 3 percent from $372.7 for the same quarter a year ago assuming the merger had been completed at that point. Expenses fell by 13 percent to $245.7 million from $281 million on that pro forma basis. ``I am very pleased with the company's financial performance for the quarter and fiscal year,'' said Henry Yuen, chairman and chief executive officer of Gemstar. ``We exceeded our own financial goals and the consensus estimates of the financial community.'' Yuen said Gemstar saw especially strong growth in its technology and licensing sector and in its interactive platform sector. ``I think we have conclusively proven that the merger with TV Guide did generate the synergies we had anticipated, namely, to accelerate the growth of the two core business sectors that make this company exciting and great,'' Yuen said. Gemstar-TV Guide, which is 21-percent owned by Rupert Murdoch's News Corp (NCP.AX), reaches 50 million households through its TV Guide Channel and its magazines have a circulation of nearly 10 million. The company also offers a proprietary navigation system for digital television which it says reaches 10 million households. PASADENA, Calif. (Reuters)