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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (14315)	4/10/2001 9:42:33 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

I think we will give a little back today but get all of it back Thursday, Next week I expect us to finally challenge he 200 and take it, and then the top should be formed either Wed. or Friday, I would say 2160 plus minus 20 points on te Naz. Zeev

To: Rich1 who wrote (14315)	4/11/2001 4:40:59 AM
From: Crossy	Respond to of 30051

Zeev, I have a question regarding a "FUNDAMENTAL" conjecture. You might say it's misplaced on a trading thread. I nonetheless would like to raise it. Regarding networking stocks. After making up my mind for weeks, I finally arrived at the conclusion that NETWORKING stocks involved more at the edge of the network (Ethernet-1G, 10G, edge routers etc..) should fare quite good at the current climate and they should have reached a bottom: FDRY, CSCO, COMS, JNPR, EXTR, FFIV, maybe also MRVC Why ? Because they mostly sell not only to ISPs but also to corporate clients. Now we do know that long haul telecom gear is very weak regarding revenues right now (see revenue / earnings warnings of NTPA, SCMR, RBAK, NT, LU) but when I tuned in to FDRY then their revenues are just down 13% from the consensus and they will be profitable in the current environment. This made me think that this is the segment to bank on now and I increased my position in FDRY yesterday. Do you think this holds true ? best wishes CROSSY