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

To: 2MAR$ who wrote (1815)	1/16/2001 12:58:44 PM
From: Dave Gore	Read Replies (2) \| Respond to of 6445

JNPR was destined to break down; weak market, huge PE but... be careful as this could be a sucker's put trap. I sure wouldn't go short here if you weren't already, but that's just me. I would at least wait for a modest rebound if not until tomorrow after seeing the reaction to the Conf call. It could be unexpected. The safe time to buy puts was in the 133-135 range, probably not here at 125+, as Stochastics showed the %K line falling below the %D line on several occassions today alone and readings near 80.