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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 (3751)	2/4/2001 11:24:37 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 6445

Thx 2MARS$....! Indeed SCMR looked sick and like it was trading down in anticipation of a warning from the company but we never saw one. There was also some conjecture that a major customer of theirs decided to place orders with a competitor...aka Redback. It was so scary I gave up trying to even play the bounces thinking the shares were oversold around 30-31ish. Of course the downgrades just accelerated the downfall from 3 "minor" firms who many have not even heard of before. And of course the overall market conditions along with the usual CSCO flop before earnings lately added to the crash. But for the life of me at this level the stock looks cheep compared to future earning projections in compared with its counterparts and management is on record just a couple months ago that they are very optimistic about this and future quarters. Still, the PE is viewed as large and in a sector that got no respect last week. SCMR has over a billion in cash and zero debt so I am watching this one for a turnaround at some point maybe after CSCO earnings out Tuesday?? Just rambling, Jane <I look great in colour>