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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: Darren who wrote (11272)7/10/1998 7:38:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
Darren..I've had the same 'argument' with some techno friends last quarter about FINL.. Everyone was telling me it was not a good buy for earnings because of the technical chart. I bought in nontheless and it returned 5 points which was over 15% at the time. Not only that but it was upgraded the day earnings came out. Now I did notice that the slightest bit of 'good' news in the internet sector is sometimes good for a 10% gain so I presume a good report will do the same for NSOL. Of course I could be wrong, but I've done so well with the sector that I don't mind the 'gamble'.

The other side of the coin: I've had CXIPY on my watch list this morning. The news was about $250 million of contracts in store for this company I thought would be worth a few points, but no.. it didn't budge the stock...except to go down even more....

SOURCE: Coflexip Stena Offshore Group
Coflexip Stena Offshore Wins Major Contracts Worth $250M and Significantly Increases its Production and Installation Capacities in Brazil
PARIS, July 9 /PRNewswire/ -- Coflexip Stena Offshore (Nasdaq: CXIPY; Paris (RM): CFI FP) announced today that it has won several major contracts, thus increasing its orderbook by $250M. At the same time, the Group is expanding its flexible and umbilical manufacturing capacities in Brazil by more than 50% in response to the growing local market.

So when the sector is depressed, it takes a lot more than a "measly" $250 million contract to move it.



To: Darren who wrote (11272)7/11/1998 11:54:00 AM
From: LastShadow  Read Replies (2) | Respond to of 120523
 
NSOL

From purely a chartist's view, yes, NSOL is giving an exit signal.

From a contrarian view , it looks like time to enter if the low stays above 38.5

Fundamentally, Jenna's signal is also correct.

The object should be to examine all the indicators, look for entry signals (accumulation, bid/ask consolidation and increasing lows) prior to release of earnings and buy or short. Opposites help give a more robust assessment.

As for Cooper's Hit and Run Trading Expansion Pivot, it is just a mathematical interpretation of a chart configuration, so I'll email him and let him know you think he is a 'sissy'.

lastshadow