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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: Northern Cougar who wrote (22370)	1/19/1999 1:45:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Northern, GNET you have lots of profit riding on GNET.. I have only 4 points on a small amount of shares (300).. I don't envy your dilemma.. From the looks of this run up its' acting like VRSN did before it's report and VRSN was up 10 today.. (which was percentagewise rather high)..My 'responsible, disciplined side' would hang on to the last possible minute that means either sell near the close or probably hold through the close if it looks strong and see what happens. Since it isn't actually reporting tomorrow morning chances are you would lose probably no more than 5 points should it gap down. but you could get an additional gap up in the morning (that could be worth 10 points or more just because of the anticipation) and then sell at least half or 3/4 for an assured profit, but my wilder side says "this thing is going to barrel up to 150 or 200 like NSOL".. Of course all bets are off should GNET start to weaken significantly towards the close. Remember this already had a 'profit' last quarter.. and a profit for an internet stock is not to be regarded lightly. Remember AMD.. the anticipation alone was enough to lift this 'not so special' stock quite a bit in the few days BEFORE earnings.. but it tanked after earnings.