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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: Alex Engelgardt who wrote (4303)	12/12/1997 2:48:00 PM
From: LastShadow	Respond to of 120523

Went long on QCOM at 51.5 and CPQ at 57 Both have some risk associated with them, so set stops. CPQ looks to be consolidating for a move. I'm guessing it will be up as the intraday trend lines are forming a pennant shape. A true pennant that has descending tops and ascending tops tells one nothing other than that it going to move. Up or down is equally possible. However, with the recent three oscillations up to mid-60's, and with the solid resistance a buck above yesterday's floor, I'm putting my money on up. QCOM may end up being an inttraday trade, but since it started its reversal earlier in the afternoon (usual for QCOM), I'm guessing a turnaround by 3pm +/- 15 minutes. Right now its up to 53 and still strong. ABTX gapped nicely and looks to continue up. TCOMA also had a strong morning and makes me sorry I got out the other day. Its leveled all day, but also looks to maintain momentum. Alex...some days I'm no 'last' either...nice post. I went back and looked at CYMI and agree with your assessment. lastshadow