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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: BYRON S DOHERTY who wrote (25493)2/23/1999 2:04:00 PM
From: Jenna  Respond to of 120523
 
Bottoms and Greenspan..I think its good we don't have a recurrence of the 200 odd points from yesterday. The more quickly the market surges the bigger the next fall and the sooner it will come. I'd rather have selected strength in some sectors than massive gains in all sectors and wait for the inevitable profit taking. Remember when everyone is bullish you essentially have a bearish situation.



To: BYRON S DOHERTY who wrote (25493)2/23/1999 2:12:00 PM
From: Jenna  Read Replies (3) | Respond to of 120523
 
TAGS.. an earnings play carried over from last few weeks.. is up over 10% today Earnings are coming out March 4th confirmed. This was a recommended trade and "Market Gem' like CMD and like CMD the company put off the earning date by a few weeks. TAGS is still one undervalued, growth stock with value indicators giving it a real 'value' of $58. It has 28% earnings growth projected for the next 3-5 years.

Technical situation: TAGS is a good turnaround chart as well. It was bouncing around between neutral and bearish and with a performance rank for the year of 96, and a lagging technical rank of 14, its inevitable that the technical should be closing the large gap. Since today the retailers are into profit taking TAGS upswing stands out even more. Last 3 quarters were increase 33% to 112% to +145.0%