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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: gingersreisse who wrote (771)	2/25/2001 6:37:36 PM
From: Ibexx	Read Replies (1) \| Respond to of 1583

Hi gingersreisse, I think BRCD trades with NAZ in general, perhaps in a more exaggerted manner. I have significantly lowered my cost by covered call in the last month. TA is working well in an established trend, but I found that it is as good as the eyeball assessment at important pivotal points. I am currently subscribing to two premium charting services as as a reference, but frequently they have given me conflicting messages. Not to downplay the importance of TA, just that they are helpless in face of sudden emergence of events/announcements/downgrades. Regards, Ibexx

To: gingersreisse who wrote (771)	2/25/2001 8:54:30 PM
From: MGV	Read Replies (1) \| Respond to of 1583

There is downside risk to the low 30s. Intraday I wouldn't be surprised to see it go to the high 20s. It probably needs to retest the recent lows. I would expect it to happen sometime before they report in May. A negative catalyst might be QLGC, INRG, MCDT or EMLX report in April. The fear and panic in the market is clear. You can see it right on this thread. Consider that if it were to go to 30, it would be selling at less than 10x this years sales, around 6x forward sales, and 50x this FY's EPS. They have booked .13 and if they are flat for the remainder of this FY, they would do $0.52 and would be selling at 60x this year's EPS. If it were to see $30, it would be due to fear that even $0.52 is at risk. If it were to get to $30, I'd take that risk.