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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: Johnny Canuck who wrote (32929)	6/20/2001 11:34:52 AM
From: Johnny Canuck	Read Replies (1) of 69795

08:13 ET Keithley Instruments (KEI) 20.40: Hearing from sources at Pacific Growth that the firm is downgrading KEI to HOLD from Buy; says company is struggling to make Q3 (Jun) and there is a strong possibility they will be lowering guidance for Q4 and FY02. 08:11 ET CIENA Corp (CIEN) 36.74: Merrill Lynch downgrades to near-term NEUTRAL from Accumulate and cuts FY02 estimate to $0.90 from $1.00; says that no matter how good a product is, it is unlikely that market share gains will be enough to offset the market declines that are now expected in this environment. Maintain long-term BUY. 08:11 ET Tellabs (TLAB) 21.20: -- Update -- Merrill Lynch lowers near-term rating to NEUTRAL from Accumulate. Firm slashing FY01 est. to $0.39 from $1.35 and FY02 to $0.70 from $1.55... CSFB downgrading to HOLD from Buy.

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