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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: robert duke who wrote (734)	10/12/2000 7:52:15 PM
From: Daskin	Read Replies (1) \| Respond to of 2293

Bob, I agree with you that AVNX may hit 70's or lower, but the support at 80 seems strong and the volume is drying up here. The current weekly chart indicated that K = 19, D = 34, which is not very oversold. If NAZ 3000 is not the bottom, next supports would be at May low(65), 52 weeks low(47), and finally the IPO price. However, AVNX seems holding up extremely well compared with other fiber optics stocks. My wild guess is that May low at 65 should be something that can hold up before NAZ turn around. Well, assuming NAZ will turn around..... Have been wrong before. das