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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (4456)	3/29/2001 10:46:42 AM
From: Paul Shread	Respond to of 52237

NDX didn't come close to the lower wedge boundary at today's lows, FWIW. cache.wsrn.com Been thinking of dubbing that upper trendline the "Nortel Line." Two breakouts, both blindsided the same night by an NT warning. Kudos to John and Velo for noticing the COMPX rising wedge in time for the latest NT surprise. I still subscribe to the trend exhaustion theory; there hasn't been a whole lot of downside since those two gaps three weeks ago. The NDX is 100 points lower than the bottom of those gap moves (1680) in 13 trading days. Still hoping to pick up JNPR at some point. At today's low (36.72), it was exactly 36 times this year's estimates. A reasonable price, but hardly a bargain. Ideally, I'd like to get it at 30 times estimates, or 30.60. May or may not get there. But stocks are like buses, as they say; if you miss one, another will come along. Tough to remember that sometimes. CIEN isn't nearly as attractive here; a forward PE of 57 at today's lows. But that's in line with the growth expected for 2002; JNPR is only projected to grow 30% in 2002, but tends to blow out estimates more than CIEN. Sorry I haven't had much time to post lately. I haven't had time to follow the market as much as I'd like, let alone post what I see. Good trading to all.