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To: couldawoulda who wrote (49356)4/12/2001 9:19:18 AM
From: Shaw  Read Replies (1) | Respond to of 62348
 
Hi CWS,

IMO, the NT numbers presented us with a knee jerk down on all the networkers. Most figured that they would all miss badly after NT. Now that they are coming inline or close to inline people are getting confidence that their earnings are not dead in the water. Anything better than a real stinker quarter will get bought a bit in them, imho. Also, some analysts warned that they and JNPR would severely miss targets and their was a resulting selloff. It only makes sense that these guys should get a bit of it back on the long side when they didnt tank as expected.

Looks like we are heading down a bit today. I'm thinking of a retest of the hi 1,700's over he next while and then back up fer a bounce? JMO.