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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: Internet Jones who wrote (40068)	5/14/1999 1:46:00 AM
From: Jenna	Respond to of 120523

That happens a lot with earnings plays.. Did anyone notice PWR today? It was sideways until it spurted near the end. I think its when the tug of war is over in favor of the bulls. I don't know if anyone remembers this but last week in the last 3 minutes of trading after being up about 5/8 - 11/16 all day EXPD ran up nearly 2 1/2 points before settling in. You want them to end the day the closest to 100% of the intraday trading range. Taht is why I include that indicator on the watch list... That doesn't ensure a continuation of the uptrend but its a whole lot better than watching your stock fizzle towards the close. HWP and AMAT finished strongly into the close yesterday and today AMAT was continuing beautifully until the bottom dropped out and lost about 1/2 of the daily gain.

To: Internet Jones who wrote (40068)	5/14/1999 1:59:00 AM
From: Jenna	Read Replies (2) \| Respond to of 120523

Both SMOD and UNFY look pretty similar before their reports. Both up nicely 5 consecutive days, SMOD's will have a conference call to announce there quarterly earnings on 5/19/99 but by then it is very possible the stock will be down or even before then. The UNFY and SMOD 5 day chart's are very similar and both stocks are in strong uptrends. Of course the year chart of UNFY is way superior, but depending on the report, both of them could be could longer term holds. You can't decide now whether to hold through earnings. Invariably when I hold a stock for 3-4 days before earnings I sell it. The more profit I make before earnings the more I tend to sell.. I sold PWR, GILTF before earnings and ANF and they were all down afterwards. I only held MACR through earnings because the uptrend was NEW and the stock was not overbought but in a very good technical postions wich is what traders might call the beginning of a strong uptrend. The chances are pretty high that there will be a sell off after earnings especially if the stock is at its 52 week high. NAV is still trying to make its way to positive territory for two straight days and it closes only fractionally down both days. Strange occurrence for a stock that has just announced their second strongest quarter in 25 years. I tend to expect a break out from that one eventually. If on the other hand, the stock awakens with a large spurt of volume and price increase a day BEFORE earnings (CDWC, QLGC,TLAB,ADBE, MACR) I might tend to stay for the potential bounce and upgrade. I don't recall this group being downgraded after their usually good earnings report. JBL, CMVT, CREE, ETEK,SLR all were upgraded after the report. CMCSK and AMFM I did not enter this time, but I did notice that AMFM was upgraded nicely after earnings as was FOSL and a few others.