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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (40079)	1/5/2001 11:06:16 AM
From: Stephen	Read Replies (1) \| Respond to of 42787

Paul ... I mainly watch the networkers .. but mostly the fibre-optic plays. Would you believe I was seeing some distribution on Wednsday and lots yesterday. At least they are doing it intelligently ... last year they were just dumping ... !! Also the NASD tick was very positive yesterday whilst the trin hovered around 1.20 most of the day (I regard .90 as neutral)... so overall distribution continued at a nice clip given the volume. Rumours yesterday of JDSU missing .. and today that they are not likely to beat ... are not helping. There were also rumours last week about CSCO warning ... but given the subsequent price action ... it doesn't look likely... but who knows. Friday nights haven't been so bad in the last couple of years for high-profile warnings ... but historically I believe they are .... I'll watch today I think .... Regards Stephen