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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: Curtis Brown who wrote (22431)	1/19/1999 9:35:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

The Importance of "The First Profitable Quarter".. The best plays are those companies that are hi-growth companies, preferrably coming from a few negative quarters, having confirming technical chart patterns.. This means that they should not have run up too much before earnings..and their charts are such that would be close to triggering a 'buy' signal or already in a strong uptrend. One such play is OTEXF.. All you need is an exact earnings date and you are on your way. For the fiscal first quarter ended September 30, OTEXF earned 11 cents a share versus a LOSS of 8 cents the year before. Sales jumped 125% to $17.2 million. Analysts expect earnings to rise 442% to 65 cents in fiscal '99 and 52% to 99 cents inf fiscal '00.. Revenues are projected to double to $90.4 million in fiscal '99.. It was and essentially still is an earnings play but I thought it was a tad overbought, but actually it is an example of a growth stocks with a confirming technical chart pattern. Another one is VWNK.. It's 'confirming technical chart pattern' is the fact that it has emerged from a nine month based and reached a new closing high about 1 week ago. ..This is more significant because it did so on double it's normal volume. What about the growth factor? According to analysis VWNK will have its first profit of $0.14 on its reporting quarter. Earnings are expected to grow 207% to 43 cents this year and 67% to 72 cents the next.. More confirming indicators. The last one is IONAY.. This Irish software developer has been on my scans forever but somehow for one reason or another I've never owned it. This company has one heck of record for earnings and sales growth. 80% growth last quarter to improve to 100% this quarter.. and today. 76% annual EPS growth.. with a relative performance of 96 and a EPS rank of 96 as well.. Here are past results from IONAY's earnings reports: Oct 15 IONA TECHNOLOGIES: IONA announces record third quarter results 7:29 am Oct 14 IONA Technologies Announces Record Third Quarter Results; Growing Acceptance in the Enterprise Drives Growth 7:34 pm Jul 21 IONA TECHNOLOGIES: IONA announces record results for second quarter 1998 11:35 am Jul 20 IONA Technologies Announces Record Results for Second Quarter 1998 5:01 pm IONAY's chart is bullish and today it pierced resistance of 38 and held through the close. That is another confirming technical chart pattern.