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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: Barbara B who wrote (22646)	1/21/1999 2:54:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

USWB.. pros & cons. Against holding: First of all you have to decide if you are a intermediate or short term holder of USWB.. If you are looking for the 1-2 month hold than I like USWB. I've watched it go up 500% from October when it was one of my best earnings plays. I held on to it for about half that move. The uptrend is still intact and the stock is still technically sound for the long term, but short term indicators are kicking in. MACD, and momentum gave sell signals, but the very same MACD that gives a sell signal now gave a buy signal on 19th. Of course USWB is currently under distribution with about 18 big block sells going through. For holding: I never advocate holding through earnings I am not holding USWB yet but I might pick some up before today's close. What I do say is that you should get a nice pop before earnings and if earnings are good and you miss further action that is the price you pay. But on the other hand if the earnings are good and the stock sells off you are assured that you have a good stock here that will give you good gains after selling pressure is over. USWB is having triple digit gains. We are talking about a stock that had 2 new strong buys issued in the last 30 days. A stock that is coming from a negative $-0.25 a share to a $.11 cents We are talking about a stock that is estimated to grow 106% in 1998 and antoher 168% in 1999. Also because of this correction there is now upside left since USWB's 52 week high is 38 3/4, leaving it definitely not overbought. Those are the facts both for and against.