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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: Jeff Jordan who wrote (118168)	12/5/2000 11:20:00 AM
From: Jenna	Respond to of 120523

agree on SCMR also.. yesterday's call. The Barron's article did not have enough of a reaction as usual for a positive mention. 5> SCMR - SYCAMORE NETWORKS INC Price= 44.0 ...."Could be a leader in the next generation network gear in developing its own technology market. 360networks Inc. said on Thursday it has launced services on Canada's first coast-to-coast high speed fiber network. it will install more than 100 optical switches from SCMR by mid 2002. The value of the deal was not disclosed...." Although SCMR is still at a high valuation, we are traders and looking at the short term momentum move. A positive mention in Barron's could move it for the Monday session. If SCMR is said to be increasing its growth rate at 53% a year, investors will listen although for the longer term, I would not trust a stock that should be trading at 10 bucks. The precipitous drop from 2:00 on Friday can lead also to a dead cat bounce on Monday. Look for a daytrade buy above 45 for a possible retest of Friday's highs of 49 5/16 - 50, or more.