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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (41436)11/15/2000 5:45:07 PM
From: Mark Konrad  Read Replies (1) of 57584
 
FiberSam...I've had it as a spec buy any time it approached 5 and a strong position buy for the past two days at 6 and above. There was a minor breakout at 6 3/8, the major will occur at about 7 1/8 and again on closes above 8 7/8 and 10 1/2. The congested area between 7 3/8 and 8 3/8 may be moot if volume remains strong and market conditions remain favorable, otherwise that's where the tough sledding is. At current, it's still a buy.

JNPR...I have a weak position buy signal now that may be confirmed tomorrow...immediate support at 170 and overhead resistance at 185. If I were looking to buy it, I'd buy half at current and the other half on a buy stop at 186 with a short term target of about 210. Major RBOP (resistance/breakout point) at 220.

All in my very quick off-the-cuff "Bonehead" opinion--MK--
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