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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 686.96

-0.1%

Dec 30 4:00 PM EST

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To: Johnny Canuck who wrote (35994)	1/24/2002 4:26:39 PM
From: j g cordes	Read Replies (2) of 69326

AVNX.. the brief this morning in the news didn't seem to support adding to position. Avanex President and CEO Engle said, "There is a slight improvement in short-term visibility in the company's business sector, but volatility and uncertainty remain high. We are hopeful that the selective improvement in new orders will continue. Avanex expects third quarter of fiscal 2002 ending March 31, 2002 revenues to range between $9 million and $10 million, and pro forma EPS for the third fiscal quarter of fiscal 2002 of around 12 cents loss per share."

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