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Strategies & Market Trends : Sharck Soup
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To: TWICK who wrote (30803)7/12/2001 2:28:53 PM
From: Mark Konrad   of 37746
 
JNIC...imo, a solid buy with any sustained general mkt improvement. Some support at 10, a move above 12.50 would confirm what the daily charts are already hinting at: a bottom may be in. Fundies are excellent for this beaten down sector, too. Fast growing, upcoming product cycle, no debt. Only real bad concerns are its location in the "gray" state (People's Republic of California) and its dependence on an improvement in IT spending. All, imo; I have fairly large JNIC holdings from 6 and 10 and routinely take partial profits on any big moves--MK--
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