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Technology Stocks : copper mountain CMTN
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To: JRI who wrote (857)9/18/2000 8:20:30 AM
From: Techplayer  Read Replies (3) of 1226
 
JRI, whether we get a downpour or a trickle, don't expect positive price action for more than trading purposes. All of the pundits are out there slamming the carriers and incorrectly claiming that their stock woes will contribute to slower spending. In my opinion, if that scenario did play out, it would not be next generation equipment that is effected.

I expect at least a couple of days of negativity in the Nasdaq. The leading trading strategist for Gruntal was quoted as calling for a Nasdaq 3600 in the near term after a potential short term pop this morning. We shall see how accurate he is. Good luck.

tp
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