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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Luce Wildebeest who wrote (6074)3/8/2001 3:29:36 PM
From: Lane Hall-Witt   of 6445
 
Cal -- I can't believe the beating the Net software stocks have taken today. Look at ARTG and ITWO. ARBA and CMRC smashed, also. These companies should get out front and warn in order to turn their stocks back up. From these levels, they should rally on a warning. They'll keep on bleeding to death until then--.

The SOX is a real workhorse today: turned green again not long ago. The disconnect between the SOX and Naz is pretty strange. The SOX wants to pull the Naz higher, but the Naz is reluctant to go to the dance. On the fundamentals, the Naz is right. But the SOX isn't ready to give up yet.

CIEN weak late in the day: rarely a good sign for the Naz overall. I'm surprised it's not getting hot money on the JNPR strength.
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