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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: Marty Rubin who wrote (25191)2/16/1999 7:23:00 PM
From: Paul A  Read Replies (1) | Respond to of 120523
 
Hey Marty! I too bought some FGCI today at 7 1/2.. I missed the bottom by a 1/2 but thats ok.. Took two attempts to drop below 7 and failed so it settled back to 7 1/2 at the close. The news was bad, but the fall was over done like always.. Lots of funds were involved, and from the upgrades a few weeks ago- its safe to assume they got surprised as well.. It should recover just above 8 either tomorrow or thurs.

These bottom feeds can be quite profitable since the downside is very very limited.. Also when situations like what we are seeing after hours today with the monsters who reported after the bell, you can find shelter in things that have been destroyed.. Shorts gotta cover sometime!