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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (39861)	10/29/2000 11:15:31 AM
From: Kevin Shea	Read Replies (3) of 57584

Carp: the issues show lots of similarity with regard to the TA --- however they are not all operating in the same time frame... e.g. SCMR indicates that it is nearing a bottom while JNPR is only now starting to drop off... They ALL showed MACD diverges at their recent (double or triple tops) .. prior to that many provided 2x gains within this market from previous lows ( not bad ) and worth taking profits ---- so the drop was in the cards. Some issues appear to be at the end game, as evidence by what is called an exhaustion gap.. the final move to the bottom. I recall looking at JNPR a good while ago, and suggesting that the questioner be "Wary Wary Queerful"! It was there then...The recent press BS could well have been the end game propaganda to shake out the last of the individual holders... I'm not sure that you can lump them altogether, even though the markets do... since SCMR look a LOT different than JNPR. e.g. SCMR traded its float almost 3x in the last 3 weeks -- that establishes a LOT of new owners...What is surprising is if you look at it from a shorting possibility then you have to question why the volume at the top was not excessive while it is now... The fundamentals on each of this is actually quite nice --- very substantial revenue growth, real earnings, etc. --- only the PEs are astronomical--- I personally would not discount these altogether but view each one as an individual opportunity -- some may be stronger or weaker than others From what I have seen in the "hot" areas is VERY significant gains 100-300% hidden(?) within a "shitty" market..looks to me that momentum plays have been recaptured by the MM and they have shaken out the investor.... SOMEBODY is still making a LOT of money... One issue that must be considered is each persons perspective of the market --- did we maintain our strategy while the market shifted its strategy? did we respond to the market by seeking more modest gains? did we protect as well?

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