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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: cog who wrote (11851)	7/21/1998 4:22:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

JMED... I followed this at one time. MACD is still bearish but relative strength was neutral going into this morning. Looks like it is beginning to be under ACCUMULATION. Stochastics are oversold. What I can see about this company is that there was an earnings shortfall last quarter but it looks okay this quarter and going forward to next quarter. You would probably be best off not playing this through earnings but wait for a good report to get in. I feel that staying away from 'iffy' stocks through earnings is the best way to go. What I did notice is that technology stocks are very good plays for swing trades or intraday trades BEFORE earnings. They are safer (IBM, TLAB, VTSS, AVEI, even XYLN). It's just the hazard of holding them through earnings. AVEI was on a straight 12 point ride up until earnings finally came out even though earnings were fine. Watch JMED tomorrow, it ended the day in positive territory, if it continues it could be good for an intraday trade. The market was down today sharply and poor XYLN and SYB were sacrificed. Remember that CSCO was good for a nice 2 day hold but I sold it and XYLN was nice for an intraday play (which I didn't catch). I did not include either IBM or XYLN in my 'earnings plays' newsletter fearing both would be problematical. In the case of IBM it would have been okay to add it but dismal for XYLN. On the other hand XIRC was on my earnings watch list newsletter and I called it on the 20th, and it turned out great. ... I think if the market continues down it will be a very good buying opportunity. I mentioned yesterday that I didn't think the euphoria would go on forever, that is why it is now important to follow the earnings leaders. It's not infallible but it's better than getting tech stocks that have shortfalls.