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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: TraderMERL who wrote (3939)	11/14/2000 6:49:53 PM
From: Rob S.	Respond to of 4134

The technicals look lukewarm at best. The RSI looks bad. Money-flow looks weak compared to stocks in the group - most had a strong rally today. HLIT went down on one of the strongest rebound days so far this year for tech stocks. HLIT is in a great sector but the market i "telling us" something; "This stock is a weak player in this market an management can't be trusted." Competition in this sector is heating up and there will be winners and losers. Customers are NOT canceling or pushing out committed orders for any fiber telecom vendor I am aware of except HLIT. What does that say? I guess we could argue about the TA and whether it is oversold relative to eventual prospects but the risk/reward for this stock is spelled out by the major disappointments. Why play with flaky Jake stocks when there are great stocks that are moving up? NASDAQ up 171 (5.75%), tech stocks up 8%+, HLIT down 11%. Good luck.