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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (567)6/4/2001 8:57:05 PM
From: Jenna  Respond to of 1227
 
CMVT... might move up but anyone who buys stocks with earnings reports after the close have to be prepared for gambling and not real trading. CMVT is up after hours but the risk reward of a company like that is too slim. Rolling the dice is not the way to trade. I was tempted to pick up OLOG which has a better risk/reward ratio but decided to wait for tomorrow to see what transpires. Its about as bad as believing that CHKP has no negative news for earnings and all is well with the company. Sure everything is fine... and maybe INTC actually has some good news for a change and we all love QLGC but the chart is not really looking like its in the toilet for now or take VRTS maybe its not heading for 61 and more bad news and since its overvalued at 68 or how about CIEN which needs more than VIAGRA to give its shares a boost ;-)

Keep the techs, I'll choose the oils/pharmaceuticals any day. Lots of pharmies and select biotechs about to make double top point & figure breakouts. Earnings warnings season is not the time to be picking up fully valued tech stocks but looking to short them.