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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (571)	1/4/2001 3:09:49 PM
From: Jenna	Respond to of 6445

FNSR a short.. in an usual chart pattern of long/intermediate term strong down trend and short term OVERBOUGHT. Could be reassessed as a long soon 6> FNSR Finisar Price 32 1/2 FNSR battered look for a possible move above 33 1/2 for a long play. As usual if FNSR gaps up to 33 1/2 it is not an automatic buy but rather wait for 9:50 to 10:10 to see if this is indeed a move up and not just an exhaustion gap up. If FNSR moves down in the 10:00 period, and begins to take out lower lows and lower highs it will be a short. The chart is also unusual. It had a TRIPLE bottom point and figure breakout on Wednesday than it became short term overbought. Looks like a short candidate but it might buck the trend of its short pattern. Wit SoundView ...a new kind of investment banking firm. January 3, 2001 NASDAQ: FNSR Finisar Company Update We reiterate our strong buy rating on Finisar and believe that despite economic concerns the business remains very strong. In addition, we believe the company may be on the cusp of breaking into the Cisco account, an important customer that it has heretofore failed to crack. Finisar has a track record of good execution, which gives us confidence it has a better chance of negotiating whatever risks may lie ahead on the economic minefield. We would buy the stock in the face of today's weakness.