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Technology Stocks : Sycamore Networks Inc-(SCMR) -- Ignore unavailable to you. Want to Upgrade?

To: JM who wrote (1460)	8/27/2000 11:41:35 PM
From: Boplicity	Read Replies (1) \| Respond to of 2249

I'm just not worried about the action in SCMR. I find it normal for stock that has run as far SCMR has run to sell off. Think about it, the stock ran from 60 to 160 since April, they just reported earnings, the market looks to be taking a rest here, all of this adds to a some selling to digest the run. On the TA front. SCMR just hit it's upper channel, which it has 5 time during the recovery and each time it came back. I bet you it goes to 140 to 135 range before it recovers. SCMR is addressing a sector that can't make enough product as it is today, that is just starting a multi year build out. Greg