Juniper Networks - JNPR Message Board

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Technology Stocks : Juniper Networks - JNPR

JNPR 39.95

0.0%

Jul 2 5:00 PM EST

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To: Herschel Rubin who wrote (2393)	4/17/2001 9:37:42 PM
From: t2	Read Replies (2) of 3350

Don't think the short covering in JNPR is over yet. I believe that after the March short interest representing mid March positions was released--the short sellers got aggressive with stocks like JNPR and Ciena. It was logical. Short the stocks that still had a high enough stock price and cover those close to $10 range. It is just psychological move on the part of traders--very predictable as the JNPR and CIEN were in a nosedive for a bit. My feeling is that too much of the money moved into shorting these types of names..lately. That short covering game is not over yet, especially on JNPR. It is going to drive the stock higher quickly (as it has been doing) to new levels and have an effect on the rest of the heavily shorted Nasdaq stocks as traders try to preserve their shorting profits. Don't know where JNPR ends up but the Nasdaq is about to explode, IMHO.

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