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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/30/2001 12:40:53 PM
From: besttrader   of 37746
 
12:35 ET NVIDIA Corp (NVDA) 88.13 +0.19 (+0.2%): Impressive relative strength ahead of company's addition to the Nasdaq-100 Index, which will occur after the close of trading today.




12:16 ET CIENA Corp (CIEN) 53.97 -3.04 (-5.3%): -- Update -- Technical -- Sizeable retreat finds a floor for the time being in the 53.7/52.95 area (50 day simple ma/mid-month low). While overextended on a short term basis, which allows for some relief from the selling pressure, sustained action above the moving average and gains back at least through resistance in the 55.80/56.20 area needed to improve short term weaker bias. Failure leaves door open to supports at 51.50 and 47.85.




12:10 ET Sun Fallout : According to Salomon Smith Barney, these are the companies with the most exposure to the Sun Micro (SUNW) earnings warning: CLS (24% of rev. from SUNW); QLGC (13%), LSI (12%), BHE (10%)... Companies with high exposure to the Sun Solaris platform: VRTS (45% of Q1 license rev.); JNIC (72% of rev.).
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