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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: Logain Ablar who wrote (2684)3/19/2002 11:03:54 AM
From: John Pitera  Read Replies (1) of 2850
 
Hi Tim, Thanks for the link,

That means carriers are delaying spending till they actually see a recovery in the 2H. Given this scenario the worst case expectation for this Q and next Q are not low enough. For companies like JNPR who have heavy institutional support at the magic $10 level, it means they can now realistic break below the level. I did not expect much movement in stocks like JNPR till the July time frame. I would expect a new down trend to start now.

I've been hearing a few people surmise that JNPR is going to miss the Q, preannonce, and have bad things to say.

I was looking at a sector scan last night, and Telco is the very weakest sector out there. It shows the cyclicality of life.

Both Dorsey's DWA and Bollinger's Website have Telco with the very lowest relative strength of any sector.

John
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