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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 (20072)12/17/1998 7:15:00 PM
From: saulmon  Respond to of 120523
 
Jenna, Mylex (MYLX) gained 18% today, breaking resistance at 10 on no apparent news. Volume was 5 times normal. Any input or recommendation? Respectfully, Saulmon



To: Jenna who wrote (20072)12/18/1998 1:49:00 AM
From: Michael Berkel  Respond to of 120523
 
EFII will most certainly benefit from the January effect once that kicks in. Although there is an overbought indication, I wouldn't bet on a serious pullback for EFII unless general market conditions
deteriorate. And remember overbought on a chart doesn't necessarily mean that the stock will go down. I see Institutions buying back this puppy.
We have a winner here.
Happy trading!
Michael B.


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