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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST
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To: KymarFye who wrote (68880)2/10/2001 1:50:13 PM
From: Stephen M. DeMoss  Read Replies (1) of 99985
 
Kymar, You make good sense. It's probably not wise 'gambling' on either stock. However, they both will rally if the market reverses its current trend. There is panic and margin calls kicking in here which is weighing heavy (IMO) on all these MO MO stocks. If the weight is lifted, each will run till the weight returns (short covering can push a stock like JNPR 20% in short order!). You are correct, though. If this market continues the trend, JNPR can easily move to 70 (I thought that was its 52 week low) or lower and if Brcm breaks this old support, it could go to 50. I'm in shock how the glw's have come down to such levels and the Scmr's etc. No bottom's???? My more conservative idea right now is to buy LENS on a dip. They make those cheap throw away camera's and have 80% market share with a PE of 13. A book which just came out has stocks under $25 with a possibility of being a 'homerun' in the next year. This was one of his top candidates. After buying this on a Monday morning dip around 121/4, when it moves to 123/4 or 13 late Monday, sell the March 12.5's for $2. Then sit back during the ups and downs over the next month! Thoughts? Steve D.
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