thanks kevin for the input, as far as going down, i feel jnpr may have more downside than scmr, but if one goes up strong, both will be strong, i think they are tied to the sector for the time being, and i guess while they scare me to death, we really wont know till we get to november to see what the appetite is for the former high flyers, if my memory serves me correctly, there were several periods when the internuts crashed, much like the fibre optics did, only to come roaring back soon after, now we could be in a whole new valuation theme, but there is also the chance this is the same consolidation the internuts had several times and still had went on to reach explosive upsdides, now that may be wishful thinking, but i cant help but think fibre optics will be the first group to go up when this market gets it legs back, which will happen as soon as the market starts focussing on the next rate cut, i would be looking for some real strength in the market around the nov 15th fed meeting, which would be almost assured if we can get the unemployment rate back over 4% this friday, in the meantime, it could get worse before it gets better, or we could just take off, i guess the best strategy is not to pre-guess early, but let the market tell us what its going to do
thanks again for your input |
