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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: Judy who wrote (14198)9/8/1998 6:26:00 PM
From: Dave Shares  Read Replies (2) | Respond to of 120523
 
SEBL

Judy,

I would appreciate your opinion on SEBL at this level, as you have position traded the stock before. I previously opened a position at 26 1/4, rode down the roller coaster, believed in the resiliency of the stock, and now find myself back at even. I don't think this position has been open for more than two weeks. What a ride!

What do you think a reasonable short term (5-10 trading days) target would be at this point, and given the quick rise, how much may profit taking hamper any further movement.

Thanks for any advice. I think it goes without saying that while I appreciate your help, I take responsibility for my own actions, but as I value your opinion, I am seeking it.

David



To: Judy who wrote (14198)9/8/1998 7:11:00 PM
From: j g cordes  Read Replies (1) | Respond to of 120523
 
While the market melted up today this stock got crushed on seemingly less than lethal news..

"Managed healthcare and insurance services outsourcer Concentra Managed Care (Nasdaq:CCMC - news) blew up and lost $6 3/32, or 50%, to $6 3/32 after the company said it anticipates lower-than-expected Q3 revenues of $160 million and EPS of $0.29, compared with analysts' estimates of $169 million and $0.34, respectively. The company also expects its full-year EPS to be $0.10 below the current Zacks mean estimate of $1.12..."

There must have been a short sellers feeding fest on this one. I bought a few shares on fundamentals...