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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (369)	5/8/2001 10:22:33 PM
From: cthd	Respond to of 6873

Michail- You've been right on w/ all of your shorts/longs. Very nice ROI for your portfolio since 4/28/01. Congrats! If you don't mind the volatility, JNPR & CHKP may deserve a full position (short) at their current price levels given a lackluster AH reaction to Cisco's earnings (if you want to call it earnings). P/E (Using current year estimates) CSCO $20.36 / $0.45 = 45.2 PE JNPR $58.90 / $0.96 = 61.4 PE CHKP $67.59 / $1.32 = 51.2 PE If NAZ retraces 7% back to 2046 (from 2200), one could reasonably expect JNPR/CHKP to retrace at least 10% (higher beta). With good overhead resistance at NAZ 2250 and CSCO showing signs of faltering, extreme bullish sentiment on the street (contrarian), a 10% return on JNPR/CHKP would seem a good investment for a 1-3 week short. Many thanks for the info on your thread, CTHD P.S. CHKP does not have any fundamental issues, just a little overextended. If one thinks CSCO would retest $13-$15, JNPR is a stock screaming to be shorted (keep in mind CIEN is coming out with earnings next week). Both dipped below their support from their April bottom and could easily retest those same lows again.