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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: Jenna who wrote (12401)7/31/1998 3:56:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
e-mail.. SMOD, VRTS... SFNB...MU....ORBKF

SMOD
Extremely bullish chart going into today. the stock broke a double top point and figure break out yesterday. It's bucking the trend in a B--I--G way. Looks very good complete trend reversal. (nice pick jeff)

VRTS
yes, that was one of my watch lists candidates and an earnings play but I never expected it to have to beat such odds to stay up on a down day. Chart was a strong buy going into today. MACD was bullish and all the indicators were bullish. If you want to see the anatomy of an excellent fundamental and Technical play go no further than VRTS. Support is at 52 3/4. This was a successful swing trade, intraday trade and short term trade before earnings. An earnings play and trading stock par excellance.

MU.. a "Market Gems" call 5 trading sessions ago.. and reiterated on other general watch lists since then. Has proven one of the better trades for this volatile week. By the way all the watch lists up until the 31st will be taken off password protection tonight. I don't think it's a good play at this point as it is looking overbought. I would wait for a small pullback before initiating any position in MU.

SFNB.. held up very nicely today. I probably should have held on to this little " Market Gem"

ORBKF.. at this point the chart is not attractive, but I don't discount it changing as the stochastics are way oversold. We can still see a trend reversal before earnings, even if the best we can get out of ORBKF is an intraday trade based on 'anticipation'.



To: Jenna who wrote (12401)7/31/1998 4:33:00 PM
From: Jeff Jordan  Respond to of 120523
 
What a volatile market!

Jenna,

I consider ASND a bargain at this price....As usual WS is over reacting. Anything lower than today will be a gimme. I have followed Ascend closely for quite some time.

DB 13:10 [ASND,DELL,MXTR] NASDAQ ACTIVES ON DAY: ASCEND COMM, DELL COMPUTER, MAXTOR CORP.
DB 12:37 [ASND,SRA] ASCEND COMM SINKS 15%, REPORTEDLY IN TALKS TO BUY STRATUS -REUTERS.
DB 11:59 [ASND,DELL,MSFT] NASDAQ ACTIVES: ASCEND COMM, DELL COMPUTER, MICROSOFT.
DB 09:38 [DELL,ICOGF,ASND] NASDAQ ACTIVES: DELL, ICO GLOBAL COMMUNICATIONS, ASCEND COMM.

I've been up for 36 hours working and got to get to bed.....I hope to be sharp tomorrow as occasional sleep deprivation is good for thinking process. Being 50% vested I need to pick what bargains offer the best security and potential performance. I am very comfortable w/ ASND. I'll be happy to open a position at this level and buy any further pull backs.

Judy, I don't think neither of us thought our RMBS target would be met so quickly....time to revise lower? I hope your still holding...

DB 08:25 [USWB] USWEB STARTS AT NEAR TERM, LONG TERM OUTPERFORM - EVEREN.

Jeff