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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (1857)	10/26/2000 2:38:59 PM
From: Rob S.	Respond to of 3350

JNPRis a only a trading vehicle at this point. All these fiber telecoms are highly over-valued based on a market that has concerns about growth prospects holding up. But once those questions are resolved, particularly if the growth trends line up to favor the company, a couple of the fiber stocks could rebound nicely. On a short-term basis they are starting to look technically oversold. JNPR has a support level around 160 with the next support level at around 137. A quick sell-off to the 137 level would show better odds of a significant rebound. It has bounced off the 160 support level a couple times today and went up to 180. That's a nice bounce if you can capture it. But it's still not much considering how much this pigs wings have been clipped. We may see a short covering rally toward the close.