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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 (14675)	9/14/1998 2:04:00 PM
From: j g cordes	Respond to of 120523

I went long CIEN near the lows for a day or two trade.. just wish I'd been smart enough to buy puts on TLAB at the same time.. it would have been a classic. Don't see buying TLAB just yet, I'd feel better at 33 1/2 area which I think it has a good chance of touching. Just a feeling that CIEN has announcements.. not big but comforting.

To: Jenna who wrote (14675)	9/14/1998 2:23:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

ALRN.. nice turnaround here. Chart started to look better last Friday. Relative strength was bullish and my Klinger/OBV volume indicators showed ALRN was under Accumulation. I set the resistance at 12 1/4 which it broke through this morning. Looking pretty good. On Sept. 2, SANM announced it was going to buy ALRN, a smaller circuit board manufacturer with 1997 revenues of $172.4 million. Although Altronrecently agreed to acquire a Hewlett-Packard circuit board facility and showed Q2 revenue growth of$27%, 1997 was not a great year for the company. Revenue growth was under 5% and operating income fell 17.7%. However, Sanmina will be able to cut out some overhead and take out someindustry capacity with this move, improving Altron's performance somewhat.