MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: mishedlo who wrote (79677)	7/7/2001 8:52:40 PM
From: t2	of 99985

52 week lows on CIEN and JNPR are not a sign of strength. I would separate Ciena and JNPR from other tech stocks. Ciena still looks pretty bad even though they are making money and have a PE a lot lower than the 100 we were used to. The problem is..will anyone believe their estimates for later in the year and 2002. Not a chance! (imho) Expecting them to lower the numbers and possibly get around to forecasting losses instead of profits. The Nortel and Lucents are cutting jobs and that means they will take new orders just to break even as a way to keep their highly skilled work forces. I agree that Ciena and JNPR can still go lower. I am a lot more hopeful on software and computer industry just because of the upcoming cycle on PC upgrades. At least in this sector, there is reason for optimism. In telecom equipment or optical....there does not appear to be any light at the end of the tunnel.

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