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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (27108)	6/22/2000 12:59:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68330

Doc, Nice follow through on the fiber channel stocks. Strange, there is not block active on JBIC, EMLX, and QLGC. It might be alright if they have limited institutional support. 12:43 ET JNI Corp (JNIC) 37 3/4 +7 1/4 (+23.8%): Issue leading a rally in the fibre channel storage space, after exploding through key resistance at the $32 3/8 level. JNIC shares have surged 41% since being highlighted one week ago in Briefing.com's Trader's Edge section as a stock that should attract buying interest as a sympathy play on a breakout in Emulex (EMLX 72 7/16 +3 3/4) and Qlogic (QLGC 71 7/8 +7 29/32). Both issues experienced a breakout earlier in the week. 11:05 ET Nokia (NOK) 57 1/8 -3 7/8 (-6.4%): Note out of First Union Securities suggests that Nokia is beginning to visibly suffer in the U.S. due to its lack of any CDMA handsets; says fewer retail outlets are recommending Nokia handsets and that CDMA appears to be increasing in dominance in the U.S; says appeal of Motorola's (MOT 34 1/8 +11/16) is rising.