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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 (14584)	9/12/1998 5:06:00 PM
From: tom pope	Respond to of 120523

Does anybody know of a site that tracks changes in Relative Strength (RS) as published in the IBD? The point is that it doesn't tell you very much to say that a stock has a high RS of (say) 90 if it was 98 a week ago, or, better yet 65 a week ago. Such a scan would identify those stocks that are breaking away from the pack to the upside, or, equally important, that are beginning to weaken. Zweig used to publish a computerized scan of stocks based on a proprietary ranking system. I found that his system worked best if you ignored the static ranking and looked for those stocks whose ranking had improved over the previous two months. Zweig stopped publication of the rankings when he gave up his advisory business. Too bad, because it was a useful confirming indicator. TIA

To: Jenna who wrote (14584)	9/12/1998 5:42:00 PM
From: Prince	Respond to of 120523

Jenna, A bullish article on recent insider buying... bloomberg.com

To: Jenna who wrote (14584)	9/12/1998 8:23:00 PM
From: Minos	Read Replies (1) \| Respond to of 120523

Jenna, Two of your previous earnings plays are queued up for this week: CCL reports on Friday and KBH reports on Wednesday. Both have been hit pretty hard and should be poised for a rebound. I have no position now but am thinking about buying some calls on Monday; however, I am apprehensive about timing my entry. Calls will be very pricey IMO first thing Monday morning if the market is screaming upward. Any words of wisdom? From your past experience, are these two 'gappers' or more steady climbers? Catching a run-up prior to earnings has worked beautifully in the past, but with all the market volatility recently it has been too risky to hold for multiple days, even with good companies. In the case of CCL, it was upgraded by DLJ on Friday -- a good sign as earnings approach. It leads me to believe that the recent on-board fire will not have a material impact on CCL's steady growth. Any comments would be appreciated. -Minos

To: Jenna who wrote (14584)	9/12/1998 9:19:00 PM
From: Jenna	Respond to of 120523

"Earnings Plays" versus regular plays this week and next. Earnings coming in will invariably effect the market climate more and more in the next 6 weeks. Panic, sentiment and extraneous factors will have to take a back seat to actual earnings coming out for the particular companies. If they can really show they have earnings growth, are fundamentally sound, or even that they are getting back on track in the next couple of quarters it might be enough. This quarter is not going to be like any other earnings plays in the past 10 quarters. 1) It is obvious that 1-7 days before earnings come out is enough time for a play, unlike the past when you would be better off tracking them 3-12 days before earnings.. This will make your work that much easier. 2) Even the 'low earners' might turn out to be good plays, but either way the bearish/bullish momentum will be apparent that much more quickly. 3) You never had to take them home through earnings before, but there was always a temptation, especially if the market was bullish. Now, the gains will be quite accessible before the earnings come out and at the same time because of market climate you might actually be a tad safer taking them home since in most cases you can rule out the stocks being overbought and consequently downgraded on valuation. I would probably never have taken home ORCL in January or even in July, but I felt that good news would be handsomely rewarded and that is exactly how it worked out. On the other hand I was not tempted to take ADBE home. 4) Stocks are so oversold that it is anyone's guess how many 'up' days the stock will give you. I recall CMVT..JDEC...CXIPY...TECD all of which bucked the trend nicely even through the miserable market climate when they reported. This way even if you wait until AFTER earnings come out you will still have enough upside left for a swing/position trade. This was not the case last quarter. Still as always, exercise caution. Set your stops and don't nurse your trades, especially the earnings plays...Get out if your stock changes its trend, and stay in until the trend actually reverses. I made the mistake of getting out of several trades even when the upward trend showed no signs of reversing. That's the result of the general market climate influencing my trades.. It's inevitable that it will influence you in the next few weeks as well.