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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who wrote (693)	3/29/2002 2:23:13 AM
From: Robert New	Read Replies (1) of 787

Hey Joe....an interesting week to say the least. Regarding JNPR the move was a bit of a surprise. There are so many shorts in some of these issues (record Naz short interest) and expectations so low that I actually think we could see a decent rally in tech over the next couple of weeks here. The moves in RSTN and MANU got my attention as well. We put in a nice positive divergence on the NDX over the last week and I think we've seen the intermediate term bottom. How far up we go is impossible to say but I think its possible we see a bit of a squeeze in some issues. With everyone focused on the VIX/VXN i think its possible we climb that wall of worry here for a while. Any thoughts on which homebuilders look the ripest in terms of short possibilities? TIA....Rob

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