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Technology Stocks : copper mountain CMTN
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To: Rarebird who wrote (1009)10/6/2000 8:17:37 PM
From: P314159d  Read Replies (1) of 1226
 
Breaking the May lows does not mean huge bear mkt.

Any more so than we have seen in individuals. I think we mark a new low soon and get follow through. But I stick with the Fibonaccis that say we mark a low in the 2700 to 2800 area worst case, and I think we have a bounce to look at in the 3100 to 3200 first.

The 3200 move is near-term event. the markdown is coming mostly from the big high flyers that haven't fallen.

Short list: BRCD, PMCS, BRCM, CIEN,JNPR,NTAP and CSCO is the flyer to make the music. This event may be a few weeks off (after the expiration and Monday's action).

Just a thought, CMTN may be low 20s, but it should bounce way above here!
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