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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (68880)	2/10/2001 1:28:23 PM
From: JRI	Read Replies (1) \| Respond to of 99985

Would love to hear your picks, then, Kymer...let's assume we do rally after a down Monday open... I agree the charts scream down in those stocks....but they have for a while....the dangerous (now vs. month ago) is that they are now below their DMAs....and I guess classical trader wisdom would be to short things below, not play uprallies....still, its clear that these stocks do move big when the Naz moves up...much more than many other stocks (on a % basis)...of course, some/a lot of that is short-covering.. Right now, I am thinking a partial Monday- Tuesday close rally max....I am concerned about AMAT's earning/forecast on Tuesday afternoon (Dell/Hwp also report next week...I think Dell on Tues. after too)....I suppose the rally could go a bit longer, but I'll probably only try to play the fat part, and wait out the rest...will see what the day brings... Would love to see your picks...thanks....(as much as I spoken about this "potential" rally..we better damn get it)..

To: KymarFye who wrote (68880)	2/10/2001 1:50:13 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

Kymar, You make good sense. It's probably not wise 'gambling' on either stock. However, they both will rally if the market reverses its current trend. There is panic and margin calls kicking in here which is weighing heavy (IMO) on all these MO MO stocks. If the weight is lifted, each will run till the weight returns (short covering can push a stock like JNPR 20% in short order!). You are correct, though. If this market continues the trend, JNPR can easily move to 70 (I thought that was its 52 week low) or lower and if Brcm breaks this old support, it could go to 50. I'm in shock how the glw's have come down to such levels and the Scmr's etc. No bottom's???? My more conservative idea right now is to buy LENS on a dip. They make those cheap throw away camera's and have 80% market share with a PE of 13. A book which just came out has stocks under $25 with a possibility of being a 'homerun' in the next year. This was one of his top candidates. After buying this on a Monday morning dip around 121/4, when it moves to 123/4 or 13 late Monday, sell the March 12.5's for $2. Then sit back during the ups and downs over the next month! Thoughts? Steve D.