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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: Daniel Merchant who wrote (26816)	3/10/1999 10:43:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

As you speak I am doing the SLR analysis for next week's earnings report. SLR has been a very successful earnings play for the 4 out 5 of last seasons.. But I have gone up against a wall because SLR broke its 52 week high today. Now I picked up VECO, JBL and did very well with them and should have picked up SLR at the same time as a possible hold from March 3rd until probably March 15th.. but I didn't because of the internet sector 'rush'. Now let me tell you what you are up against if you go short.. One of the strongest stocks I've ever owned, (like QLGC) a stock that today had a double top point & figure breakout. that has a growth rate of 24% going forward for the next 3-5 years, a breakout on low volume which could be dangerous as well. You are talking about a company with one of the greatest Earnings, Sales, and Cash Flow Growth records in the market. On the other hand it is overbought, but Daniel this could go either way.. You are fortunate you have 2 whole days to decide. because SLR reports on Monday after the close.. My strategy would have been to pick up SLR last week (like I did JBL or CMVT) and hold for the 10-12% gain BEFORE earnings came out. IF SLR does as well as I suspect it could get another upgrade. and finally by all means check the historical price patterns of SLR after the last 2 or 3 earnings reports to illustrate what I posted. Shorting an earnings plays is probably even more risky or just as risky as holding through earnings.. Aren't there any other plays out there you like?