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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: IsaacF1 who wrote (847)	4/21/1998 3:10:00 PM
From: James Strauss	Respond to of 13094

Is the Party Over? >>>Fantastic performers aren't they, and you know what, there everywhere.......<<< ********************************************************************** Isaac: I hope we're all having fun while it lasts... Some stocks, 13's and others, are caught up in a buying frenzy... The S&P 500 original Earnings growth est for this Qtr were 10%... They were revised to 1/2 of 1%... This is where facts and perception do battle again... The perception is that companies are beating their est's... The fact is the bar has been lowered... Earnings are the fuel for stock price movement... As the fuel diminishes, so will the prospects for double digit stock price growth... Be careful... Chasing some of these stocks is like a game of Musical Chairs... Someone gets stuck without a chair when the music stops... Jim