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

To: Rich1 who wrote (15181)	4/30/2001 1:51:43 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Well, I coulda, I shoulda but i did not, and right now, I am waiting tio see if we are toping here or not. If we are, it sure could be a good candidate on a retrenchment, but we got to see how strong that retrenchment is going to be. So, now, no opinion. Zeev

To: Rich1 who wrote (15181)	4/30/2001 8:47:43 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 30051

JNPR has doubled off its lows early in April. Since the alltime high last year, the stock has stalled on every rally to the 50DMA, which is now at 62. I bought put LEAPs on 4/17, when it looked like the stock was stalling at 50. Then, it gapped way, way up. Extremely volatile stock, 10% daily moves routine. I would add more, except I've put 20% of my portfolio into put LEAPs in the last couple of weeks (TXN, JNPR, NTAP, NVLS), and don't want to be any more short the market than that. Given what's happened to CSCO, I don't see any way that JNPR can be immune to industry and macro events. The last year has seen, one by one, every company that investors thought was immune to macro events, disappoint. JNPR is about the only tech I can think of that hasn't warned. The PE is also absurd, even with the stock 70% off its highs. So, if you think we are still in a bear market (I do), then this looks like a good short, at this level and higher.