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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: d. alexander who wrote (25408)	3/1/2000 12:05:00 PM
From: Johnny Canuck	Read Replies (1) of 69026

Hi Dorothy, It appears there is a rumour of a buyout by SUNW. I am not sure if that really fits into SUNW's strategy though. The next target for IFMX is the mid-20's if this break out is confirmed. Patience can have it virtue or sometimes be a curse. Case in point, I am getting nailed on GALT today. Gigabit ethernet is a second half 2000 story, so I expected it to be a longer term position trade. The pre-announcement of the lowered guidance for the Q is worrisome in that their execution abilities are now in doubt. This is dead money for a while. On the other hand MRVC, RMBS, MTZ, APAT, PMCS are having a great week, so I don't get to complain too much. <g>

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