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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.83

+0.3%

Dec 3 4:00 PM EST

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To: j g cordes who wrote (36602)	4/1/2002 2:43:10 PM
From: Johnny Canuck	Read Replies (1) of 68581

This explains the strength in those telecom equipment stocks on Friday. So much for timely distribution of information to all market participants at the same time. ***************** 07:40 ET BofA upgrades comm equipment vendors Banc of America raises their ratings on communication equipment systems vendors on the belief that this qtr marks a cyclical inflection point; says Feb data indicates that co's are seeing a return to normal seasonality, and believes that North American capex will start showing sequential qtrly improvement this summer. Upgrades CIEN, CSCO, JNPR, and ONIS to STRONG BUY from Buy, and raises AFCI, LU, NT, and TLAB to BUY from Mkt Perform.

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