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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 (12615)	8/6/1998 2:56:00 PM
From: Judy	Read Replies (1) \| Respond to of 120523

Jenna, if CMGI takes out the second pivot at 72-74 and then the mo-mo boys may be coming strong. At that point traders are on their own. I posted the CMGI pivots that I would personally trade .... after that, I'm too slow (chicken?) to chase stocks when the serious momentum traders jump on board.

To: Jenna who wrote (12615)	8/6/1998 3:13:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

CBR..Ciber [for newbies example of entry to market gems newsletter about 'earnings plays] Acquisition minded Ciber Inc. is moving into a new technology area that should push its results to further heights. The provider of information technology consulting and software services bought Mishawaka, Ind. based summit group Inc a private firm in May for about $140 million. The acquisition was the company's ninth of 10 in fiscal '98 ended June 30. It's a major reason Ciber's revenue is expected to expand sharply this year. Summit adds to Ciber's already wide range of services. Ciber's four other divisions include temporary and long term information technology staffing management consulting, Year 2000 work, and design and integration services for local-area and wide-area networks. The information technology consulting market is worth an estimated $150 billion a year. Thanks to a worldwide shortage of specialists and the fast paced growth of technology, analysts put forth future growth at 15-20% a year well into the next century. FUNDAMENTALS Earnings growth rate 1997-1998 68% and sales growth rate for the same year 63%. CBR has a relative strength rank of 92 relative to the S&P 500. TECHNICALS CBR broke through support this afternoon of 30 1/4. The trend seems to be reversing. Volume indicators alerted me to CBR yesterday and the fact that it's reporting tomorrow helps push my decision. Stochastics were way oversold.