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To: Mark Fowler who wrote (6518)4/18/2001 6:46:05 PM
From: Libbyt  Read Replies (1) | Respond to of 57684
 
JNPR...

Mark, from a TA point of view, what is a significant share price that JNPR should "hold" to continue to move up in value. (50 MDA, 60.32?)

I realize that JNPR is often shorted....so some of the move in this today is most likely short covering.

I would also think that there are quite a few people who shorted this rally, not thinking that we would have a rate cut today, so they might be covering tomorrow. Quite a few people too might be more confident investing in technology with this rate cut, so they may be "jumping" back in the market tomorrow.

Thanks!