Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (32037)	4/19/2001 1:59:15 PM
From: mattie	Read Replies (1) \| Respond to of 70510

ERICY looks good for a move higher. They report Friday - lots of buying ahead.

To: Suresh who wrote (32037)	4/19/2001 3:46:47 PM
From: Johnny Canuck	Respond to of 70510

12:49 ET Avici Systems (AVCI) 15.10 +0.80: -- Update -- Stock gains momentum after CEO interview on CNBC, but upside might be limited by a somewhat negative Light Reading article that highlight company's burn rate and customer concentration (85% of revenues from T, ENE, and Q). 12:44 ET Sector Watch: Storage : Nasdaq rebounds to highs of the session and Dow makes run after brokerage firms come to defense of Goldman Sachs. Positive investor/analyst reaction to EMC (EMC 40.53 +3.87) qtr has ignited move across the storage sector. Best performer in space today is McDATA (MCDT 30.10 +6.90), which has advanced almost 30% (see 09:44 comment). Also running are JNIC (+20%), EMLX (+14%), BRCD (+10%), QLGC (+8%). 12:32 ET Avici Systems (AVCI) 15.03 +0.73 (+5.1%) : -- Technical -- Advanced has been stymied near its 50 day simple ma (15.07 today) for the last two sessions. Limited consolidation near this barrier raises probability that it is a temporary pause. Next resistances are at 16.25/17.06 with a stronger ceiling at 18.12/18.50. Short term support near 14.50/14.25 with critical floor at 13.73. 12:32 ET Corvis (CORV) 9.50 +0.96: -- Update -- Trading steadily higher throughout the session, benefits from strong Broadwing (BRW) earnings reports this morning. Broadwing is one of only 3 customers for CORV (along with Q and WCG).