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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: Prince who wrote (12265)7/29/1998 3:05:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
NSOL.. I'm still extremely bullish but I was concerned about market internals at 2:00 p.m. and the situation has grown worse especially with technology breaking down further, confirming my decision to sell. I feel that with 500 shares, and with a 6 point profit I am comfortably covered for any increase... towards the close now NSOL is trending upward and I'm pleased. I felt the market was going the wrong way, and I'm waiting for a new rally to get in strongly again. The tech sector was deterioriating most of the day after the early morning rally, and I thought it prudent to take profits where I found them. I lost 1/4 point on AMAT but I saved my profits elsewhere.

COnversely, I'm even more bullish on earnings plays.. When I sold my positions in XEIKY, AMAT(now down 3/4), TKLC, and 1/2 position in NSOL at 2:00 I noted that FGCI was trading up 3/16 now it's 3:07 p.m and FGCI is trading up 1. This indicates to me that good earnings will persevere through downdrafts.

I think it is the responsibility, or at least, would serve the best interest of our posters to call 'sells' just as correctly as we call 'buys'.