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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

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To: j g cordes who wrote (16259)	6/1/1998 4:34:00 PM
From: Johnny Canuck	of 69362

Hi Jim, >We're counting on you for NN being a good play here! I am afraid I don't have a good feel for how the Q shaped up for them. I haven't paid much attention to them recently. I am long a bunch of shares though from the time just after they originally tanked. Hopefully, we won't need luck tomorrow. My general senseis ATM is not quite the big story it once was. We are now in the show me phase. This is no longer an emerging technology. ASND is doing a pretty good job of competing with NN and their other product lines are competitive and growing. NN needs to show that they are back on track to growth in all their product lines not just ATM to get back the respect of the street. Hopefully they managed to stop the bleeding in their TDM lines. The downside should be limited if the reaction to the downgrade by the analyst that called the miss last Q is any indication. . I am looking at INTC for a dead cat bounce. I haven't decided if I will enter tomorrow or not. Harry

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