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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: Instock who wrote (12772)8/10/1998 12:08:00 AM
From: Lee Walsh  Read Replies (2) | Respond to of 120523
 
Speaking of Dead Cats....look what Stage SGE did last week.

on Thursday it was the biggest loser on the street down over 50%.
Friday it was the 5th best gainer up over 40%. I bought it at 10 3/4 on Thurs, but got out too soon on Friday for over a 20% gain.

My wife shops there all the time....I'll bet SGE will be good for another couple points at least to fill more of that gap.

I have watched many of these "killer crashes" when the street over-reacts to some negative earnings reports. They almost always come back in a couple days for some nice gains.

Lee