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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: Jenna who wrote (41507)	5/22/1999 5:10:00 PM
From: Jenna	Respond to of 120523

SYKE/NCOG... be very alert to good earnings plays that go into mostly negative trading ranges soon after earnings, or that have extreme volatility and price fluctuations but no clear direction. The good earnings and unusual or non-reactions of the stock should be a catalyst to alert you of impending 'dramatic' changes in the stock. Two more I will be watching closely. SYKE was a Market Gems earnings play that never even once triggered a buy signal. SYKE has been an earnings play for 3 quarters. NCOG was an earnings play just this time.. and was less than spectacular after its report and also did not trigger a buy signal. SYKE earnings came out April 26 What followed was a generally downard bias 20-25 trading range until May 12, when it broke out this range on hi volume reached a high of 28 and continued through this upward reversal until closing on Friday 5/21 on 31 15/16. DATE CLOSING PRICE OPEN HIGH LOW VOLUME -------- ------------- -------- -------- -------- ----------- 5/21/1999 31 15/16 31 1/4 32 1/2 30 1/2 765,500 5/20/1999 30 3/4 27 15/16 32 27 15/16 3,188,000 5/19/1999 28 1/8 27 7/8 28 3/8 27 3/4 186,400 5/18/1999 28 27 1/2 28 27 93,900 5/17/1999 27 1/4 27 5/8 28 26 3/4 162,400 5/14/1999 27 7/8 27 7/8 28 1/4 27 1/4 319,500 5/13/1999 28 5/8 27 1/8 28 3/4 27 1/8 316,600 5/12/1999 27 1/16 25 1/4 28 25 950,800 5/11/1999 24 15/16 24 1/2 25 1/4 23 7/8 382,300 5/10/1999 23 1/2 23 1/2 25 23 1/2 235,200 5/07/1999 23 5/8 22 3/4 23 11/16 22 1/2 775,400 5/06/1999 22 9/16 22 7/16 22 5/8 22 1/8 520,000 5/05/1999 22 1/8 21 7/8 22 3/8 21 5/8 566,700 5/04/1999 21 5/8 21 7/8 23 1/4 21 1/2 334,900 5/03/1999 21 3/4 20 3/4 21 7/8 20 7/16 555,300 4/30/1999 20 1/2 22 1/4 22 5/8 20 1/2 957,200 4/29/1999 22 1/2 22 5/8 23 22 3/16 899,500 4/28/1999 22 11/16 23 9/16 24 1/16 22 11/16 629,700 4/27/1999 23 7/8 25 25 23 11/16 719,000 4/26/1999 25 25 1/8 25 1/4 24 13/16 455,800 NCOG's earnings came out it was all over the place..fluctuating madly for 4 point intraday ranges and not usually closing near the day's high until stabilizing around 5/19.. actually it was probably just gathering momentum for the big price jumps on Thursday and Friday. Volume has subsided and I don't know where NCOG is going in the next few days but its definitely one 'hot' trade to look out for even if only for a daytrade. NCOG.. DATE CLOSING PRICE OPEN HIGH LOW VOLUME -------- ------------- -------- -------- -------- ----------- 5/21/1999 33 3/4 31 1/2 34 1/2 31 253,900 5/20/1999 32 1/8 27 1/2 32 7/32 27 7/16 828,100 5/19/1999 25 3/4 26 1/4 26 5/16 24 3/8 680,500 5/18/1999 26 1/16 28 1/8 29 1/4 25 5/8 136,400 5/17/1999 28 30 1/2 30 1/2 27 5/8 121,200 5/14/1999 30 3/8 29 7/8 31 1/8 29 1/2 404,000 5/13/1999 29 3/8 32 15/16 33 7/8 27 3/4 1,017,100