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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: PaulB who wrote (15789)	9/28/1998 4:59:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Good question..NTAP, NEON, CHCS (triggered a buy signal today), I was finally able to pick up in the last few weeks.. I don't want to go into all of them case by case, but these are NOT the beaten down variety...The beaten down kind are fine for a swing or position trade but profit takers usually bring the stock right back down again. For example I watched NTAP during earnings, around August 19, the stock immediately jumped 3 points. Unfortunately, this occurred at the same time as the market correction. Anyhow, NTAP jumped about 6 points following the earnings report.. I had it for a few points before the report. It went from about 43 to 50 but got caught up in the correction. On September 1, I bought it back at about 45, missing the 41 entry point. Now it is trading at 60 7/16 and looking overbought. I will hold through any minor correction but I might have to sell if the trend reverses too drastically. The point is still that these stocks are strong and will each minor rally of the market, they go on to make new highs. They are also the leaders of their sectors. PAYX is another one, and INTV also. The best ones are not your AFCI, CBTSY or CLCX's but rather the JDEC,ESRX, MFAC, VRTS, COST etc.. The ones I like have held up pretty well during the correction. 1) Are above their 200 day moving average 2) Have forecasts of a continued double digit jump in profit for the next 4 quarters. 3) Are usually broken out of their consolidations when I pick them up or close to it, but not more than 15% over their base. 4) have beaten the street, so I know they picque the interest of the mutual funds. It is a fact that mutual fund managers look for their new picks through the lists of 'street beaters'.. You can't always hold them 3 months, because sometimes they trend above 15% and become way overbought. But you can hold them through minor 'retreats' (i.e. AVEI through its last retreat)..