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   Strategies & Market TrendsStrong Industry Groups - Strong Stocks


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To: Sam Raven who wrote ()5/2/2000 12:10:00 AM
From: Sam Raven
   of 1567
 
PWR highlight:

Quanta Services (PWR)is a specialized contracting company offering end to end network solutions for telecommunications, cable television, and electric power companies. PWR has beat earnings estimates the last 4 quarters in a row and has had a 52% growth rate over the last 5 years. It broke out of its short term trading channel Friday and made a 52 week high today. Looking at the volume that has come into this stock since the first of March I would expect a few days of gains.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (212)5/5/2000 12:08:00 AM
From: Sam Raven
   of 1567
 
PWR continues to do well, but we have grown cautious about the market. Trade lightly.

Sam
savvy-trader.com

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To: Sam Raven who wrote (213)5/5/2000 11:51:00 PM
From: Sam Raven
   of 1567
 
Looks like the market threw caution into the wind and took off in the face of the threat of higher interest rates. Next week has the PPI on Friday and that is expected to be lower because of the drop in the price of oil. It shouldn't be a market mover one way or another.

So the market is left to mull over the last few weeks data prior to the FOMC meeting the 16th, and move on its own technicals. Maybe we'll even get a break from all this volatility, but don't count on it.

PWR continued to do well and ANDW did a Category 3 turn around. VISX showed some early volume strength and blew out of its base this week too. One of my favorites now is CELF, I hope to see a continued move on it.

For a category 1 stock on the more conservative side, take a look a FLS, showed a spike in volume April 26th followed by a great move.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote (214)5/6/2000 9:10:00 PM
From: Sam Raven
   of 1567
 
Correction:

>>One of my favorites now is CELF, I hope to see a continued move on it.

CELF = CELG

Kay

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To: Sam Raven who wrote ()5/7/2000 12:04:00 AM
From: Sam Raven
   of 1567
 
Express Scripts (ESRX) has been on of those stocks that seems to have the potential but has yet to commit to a strong move. We've had it on our watchlist at least three times, and maybe Friday it has begun a decent move.

Technically it shows good volume on the up days and a drop of volume on the down days which is very important, but would have to climb over 43 before a true up trend is in place. If you bought it on Friday it should be a hold for a few days.

You buy a stock based on its technical move early on, but on a short-term trade you like to see a fundamental reason that buying will continue. And if the stock fails technically you sell it, regardless of the fundamentals. Simply put, fundamentals supply with you with the stocks to watch and technicals supply you with the time to buy....OR SELL. Don't get caught in a trap where you buy on technicals and use fundamentals to hold a losing position.

So at the risk of giving someone a reason to rationalize holding a losing position in ESRX, these are the fundamentals I like. A PE (16), 1/2 the growth rate (30%), and an expected growth rate of 30% for the next 5 years. It beat quarterly estimates for the last 4 quarters. Lastly, I like its niche in the healthcare provider sector.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote ()5/8/2000 12:26:00 AM
From: Sam Raven
   of 1567
 
After looking over all the economic data released last week, and looking ahead at the coming month, I find no reason why the Fed doesn't increase interest rates by a quarter percent early this week, and again at the May 16th meeting. With this potential in mind, I'd stay close to the exit for a couple days.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote ()5/8/2000 11:12:00 PM
From: Sam Raven
   of 1567
 
PWR was down today so might want to let it 'correct' at this point. ESRX was up again today, still looks good but is becoming riskier as profit taking may start coming in and market conditions are weak.

Good Trading!!

Sam
savvy-trader.com

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To: Sam Raven who wrote ()5/9/2000 12:33:00 AM
From: Julius Wong
   of 1567
 
Strong industry group: energy services
Strong stocks: BJS, ESV, NBR, NE, PDE, PDS, RDC, VPI, XTO.

siliconinvestor.com

Julius

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To: Julius Wong who wrote (219)5/9/2000 12:55:00 AM
From: Sam Raven
   of 1567
 
Julius,

You're right....we have a had a slew of energy stocks on our screening the last few days. APA, XTO, VPI, BRR, UCL, APC, BR, and EOG and those you mentioned, have all been repeat offenders. Tomorrow will be watching VPI and XTO.

It is a great group and hard to go wrong with it over the next few months.

At the first of the year I felt that energy and biotech were the long term plays of the year. Energy looks to hold up, bios.....well we'll see.

Sam

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To: Sam Raven who wrote ()5/11/2000 1:04:00 AM
From: Sam Raven
   of 1567
 
ESRX still going really nice, but at some point it will get some profit taking, it may be time to at least take 1/2 the position off the table.

Good Trading!!

Sam
savvy-trader.com

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