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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: gaj who wrote (39802)	5/12/1999 9:46:00 PM
From: Jenna	Respond to of 120523

Exactly right. I didn't look that closely. Sometimes these stocks are 'so put up on so high a pedestal' that the expectations are irrational and ANY result will be inferior to the expectation. Same thing happened with TAGS..and YUM. And if I look even closer these are practically the only 'earnings plays' that really failed and all beat the street, that is the common denominator there. YUM was adulated a lot as well last quarter and ran up too much. But YUM was also a little too extended and TAGS seemed just right. TAGS is a stock that has come out of the unknown almost like ANF did a few quarters ago..and MIKE a quarter before, and FINL and the list goes on. It was up so much last quarter, was so 'honored' in Investor's business Daily just 2 weeks ago, on two separate occasions. The results: both were down. Whereas TOM, FD and FOSL were 'left alone' this quarter and did very well being by their lonesome. I tend to think by next quarter the same thing will happen with FOSL. The good thing is that you can always find new 'stars'.. The street craves new 'stars' (i.e. FOSL, ETEK, AEIC,FRNT,FRWD, GALT, HLIT, PWR, PER etc.) They get bonuses in the form of 'upgrades' after earnings come out. While the 'has beens' like ELNK, YUM and TXCC get downgraded. That's the reason I don't like to use stocks with extreme exposure and 'expectations'. If the street like a "GEEK", and its up 5 points, I'll take it. Of course I still like HWP, DELL and AMAT.. because these are such exceptions and I still don't know if I'll actually hold THROUGH earnings or just until..