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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (339)5/30/2001 10:55:49 AM
From: Jenna  Respond to of 1227
 
IBM our "sink or swim" trade for today led us to the other shorts (CIEN, JNPR, TLAB and MUSE) marketgems.com



To: Jenna who wrote (339)5/30/2001 12:27:16 PM
From: Jenna  Read Replies (3) | Respond to of 1227
 
CIEN taking out the 50 day moving average finally (53.75) look for next support at 4/27 (the open was 51.50 and the low was 47.85) 47.85 to 47.75 would be the next low price target for the short term, although I would expect downside there to be limited here. For now 53 might be area to consider covering part of a short position and an area where CIEN might find some support.


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