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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: Logistics who wrote (35916)	4/22/1999 9:44:00 PM
From: Jenna	Respond to of 120523

In addition to the post I just made on anticipatory upswing, we have witnessed a first probably in the history of the stock market. I have hoped that the internet earnings plays on this week's calendar would surprise mainly becuase with all the research I did I noticed they came out high on some of the major fundamental criteria besides actually Earnings per share. I tested for revenue growth triple digit, in mos cases, price/sales and volatility and chose those 10 or so that came out on top. Then I took these same 10 stocks and did a check compared with stocks that are earning and was surprised to see our nets ranked high even compared with the NASDAQ earners. I listed that scan a while back.. there was COVD, RNWK, BYND, CNET, GNET, NSOL, NITE, WEBT, NTBK, CKFR, EBAY and a few others. Then I tested their technicals for optimal entry BEFORE earnings and save for that horrible Monday last week, it worked like a charm. This precedent makes me confident that the internets have garnered more respect and now are 'contenders' and will always offer us good trades in the spirit of a DELL, MSFT or IBM. But some of you newer traders must learn more about overbought/oversold stocks and optimum entry and when the stock is riding too long and too high in overbought territory. For me the slightest downslope is a sell signal..