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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: Charliss who wrote (17983)11/3/1998 2:35:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Now they sat the date of STRX is November 12.. profit taking would perhaps be in order since the date is not close when you consider the market volatility. Basically the higher volatility in the market the closer the stocks should be played to their report dates. The upgrade and all the good news was good for a pop but if the market retreats STRX might retreat as well. If you do sell, of course it would be good idea to get back in closer to the 12. I am personally holding since 19 big blocks already went through today.

You must also remember there are other plays besides earnings plays.. A day like today would also be good for

a) a company that reported good earnings but went really unnoticed and it did not gap up (TRL)but instead made a steady gain all day.

b) some past 'street beaters' like LGTO, AMCC, DMMC, CREE (just upgraded to a buy)

c) some "news" stocks like SPYG which I posted a few hours ago.

STAR Telecom Third Quarter On Track; Record Results Expected

SANTA BARBARA, CALIF. (Oct. 8) BUSINESS WIRE -Oct. 8, 1998--In response
to numerous investor inquiries and recent market volatility STAR
Telecommunications, Inc. (Nasdaq:STRX) today previewed its third
quarter which ended September 30, 1998.

Accelerated German commercial sales as well as continued growth in
wholesale sales propelled third quarter revenue and earnings to record
levels. STAR will release results as scheduled on November 12 and will
provide a detailed update on its business activities.