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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: CAtechTrader who wrote (32106)2/28/2001 4:26:27 PM
From: im a survivor  Read Replies (1) | Respond to of 65232
 
SUNW seems to have found a base.......even closed slightly green. I think downside is minimal on sunw at this point....it may still drop, but the worst of the worst is built in and as soon as the company announced they would be buying back 1.5 billion dollars worth of their stock on the open market, it probably is giving shorts second thoughts....additionally, new server to ship "in volume in 4th qrtr"...plus just announced today...a super powerful server that can run solaris or windows based operations........it's like 5 times more powerful and a third or less the cost of competitio....only $999.......yep, I like those sunw 03 30's and 35's a whole lot down here!!!!!



To: CAtechTrader who wrote (32106)2/28/2001 4:29:59 PM
From: Dealer  Respond to of 65232
 
Really appreciate your telling us what you'll are doing. NEWP held up well also...closed up 3/8, only one in the green on my screen. I got out this morning and went to cash.

dealie



To: CAtechTrader who wrote (32106)3/1/2001 3:17:57 PM
From: CAtechTrader  Read Replies (1) | Respond to of 65232
 
Interesting Pattern..day 2..an interesting pattern is continuing to emerge, with leadership stocks like JDSU and QCOM refusing to go lower and daring to go higher while the NAZ goes to new lows today. Also, most optical stocks are higher despite GLW's job cuts. Most interesting is the warning issued by AMCC which was accompanied by a lower re-open and now the stock being up 12+% on the day. When the NAZ stocks refuse to go lower even on warnings, the selling has exhausted itself.