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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (117316)	11/26/2000 11:57:19 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Shorting CIEN. Most traders have shorted CIEN prematurely only to have to eat crow on Friday or hold a short that is up 5 or 7 points. Earnings are out December 4, I would short CIEN *AFTER* this holiday week of Thanksgiving because the artificial pump up during Thanksgiving week can lead to a new move down in the stock the closer we get to earnings. If you want practice and an example, there is BRCD for this week. Watch the December puts and don't even have to get in the money for this one. If uncertain as to BRCD and/or CIEN puts wait for the outcome of BRCD and apply the results to CIEN.

To: Jenna who wrote (117316)	11/27/2000 12:01:10 AM
From: Jenna	Respond to of 120523

<font color=aqua>On the logic of shorting CIEN and BRCD and a possible rally ignited by these BRCD is expected to beat earnings, therefore you might have one more period of moves up (either in the first reversal period on Monday or longer, depending on how longer this pumping of BRCD continues) before BRCD sells off no matter what the earnings report will result. Volatility is far from over especially now that Democrats decided to litigate the vote count in Floriday, whether a tired nation cares or not. Why everyone is ignoring the lagging profits and economic slowdown, these woes might come to the forefront once again as early as this week. If profit growth slows from 30 to 15% for the fourt quarter of 2000 and continues to slow at that pace through the first quarter of 2001, from where will the renewed expectations come? Do you really think that earnings reports from BRCD already in a sorry state and still overvalued is enough to boost this market? Maybe but it might have to take more than that. We might be preparing to start shorting the financial sector for the next few weeks. And should we put high interest rates, rising energy costs and the unrest in the Middle East as well as lowered profits to American companies due to a weak euro on a back burner as well? Will BRCD's earnings mitigate the effects of those realities? And not least of all what our earnings shortfall preannouncements that will be in before Santa has even brought his gifts. Earnings are out December 7, I would short CIEN *AFTER* this holiday week of Thanksgiving because the artificial pump up during Thanksgiving week can lead to a new move down in the stock the closer we get to earnings. IMHO I don't think earnings from the likes of CIEN, BRCD will help precipate any market rally.