Replies to post #731 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

TOP INDUSTRY GROUPS could be important to know before earnings are relased.
DATE: 4/13/2001 It might be a good idea to look for long plays in the current top industry groups instead of flying into the short term overbought technology sector which has risen on 'hope floats' expectations and we laud it. We are still long some of these stocks but hope to close positions on monday and look for shorts in other sectors that actually have a chance to MEET or BEAT earnings expectations, rather than coming buying the "tail" end of the nasdaq rally.

LAST 3 MOS
CURRENT WEEK AGO INDUSTRY
------- ---- ----- ------------------------
1 3 2 MEDICAL-OUTPNT/HM CARE
2 2 1 BLDG-RESIDENT/COMMRCL
3 1 3 TOBACCO
4 10 48 POLLUTION CONTROL-SVCS <<<<-------
5 8 34 LEISURE-GAMING
6 4 95 RETAIL-MISC/DIVERSIFIED
7 12 26 TEXTILE-APPAREL MFG
8 5 134 LEISURE-TOYS/GAMES/HOBBY
9 11 60 OIL&GAS-FIELD SERVICES
10 18 87 OIL&GAS-REFINING/MKTG
11 13 84 TEXTILE-MILL/HSEHOLD
12 37 19 MEDICAL-NURSING HOMES
13 25 14 OIL&GAS-CDN EXP&PROD
14 19 73 FINANCE-CONSUMR/COMML
15 7 39 ELEC-MILITARY SYSTEMS
16 6 72 RETAIL-DRUG STORES
17 23 55 TRANSPORTATION-RAIL
18 26 11 RETAIL-APPAREL/SHOE
19 9 63 RETAIL-MAJOR DISC CHAINS
20 16 40 BANKS-SOUTHEAST

[jenna]

PWAV only earnings play held, is almost at breakeven here. I thought it was just too low but it opened at 1.25 below the entry but is close to entry now.

[jenna]

SEBL blimped all the stocks below have triggered short as expected. You can add IBM too!!!!

SEBL Trades at a Premium PE Multiple of 86.3 X, vs. the 34.5 X average multiple at which the Software & Services SubIndustry is priced.

BEAS Trades at a Premium PE Multiple of 151.2 X, vs. the 34.5 X average multiple at which the Software & Services SubIndustry is priced.


CIEN Trades at a Premium PE Multiple of 180.6 X, vs. the 24.2 X average multiple at which the Communications Equipment SubIndustry is priced.

CHKP Trades at a 88% Premium PE Multiple of 64.8 X, vs. the 34.5 X average multiple at which the Software & Services S

JNPR Trades at a Premium PE Multiple of 139.9 X, vs. the 31.2 X average multiple at which the Networking SubIndustry is priced.
.

INTC Trades at a 44% Discount PE Multiple of 17.0 X, vs. the 30.6 X average multiple at which the Semiconductors SubIndustry is priced.

MERQ Trades at a Premium PE Multiple of 79.0 X, vs. the 34.5 X average multiple at which the Software & Services SubIndustry is priced.

EXFO Trades at a Premium PE Multiple of 94.0 X, vs. the 24.2 X average multiple at which the Communications Equipment SubIndustry is priced.

MUSE Trades at a Premium PE Multiple of 115.0 X, vs. the 34.5 X average multiple at which the Software & Services SubIndustry is priced.

RFMD Trades at a 75% Premium PE Multiple of 42.5 X, vs. the 24.2 X average multiple at which the Communications Equipment SubIndustry is priced.