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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: Jeff Jordan who wrote (14916)	9/16/1998 9:21:00 PM
From: Dave Shares	Read Replies (2) \| Respond to of 120523

Jeff, I think my point is that the headline will read, "Housing Starts Plunge by 7%", even though the number of starts will be 1.6 million (that is what the Commerce Dept. projects), and there will be some selloff. Now, I wholeheartedly agree with you about fundamentals, and there are very good earnings in this sector. But I do believe that this is a sector that could be nearing its peak, and with economic uncertainty facing us in the near future, I'm just not sure that this is the sector to be in as a short term trader with the statistics about to come out. I could be very wrong about this, but if I was interested in this sector, and I have traded KBH, LEN and DHI (all very good companies), I may wait for the dust to settle. And if I am wrong, those who are in these stocks may do very well. And I'm probably wrong more than I am right. David