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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (78942)	6/19/2001 4:07:14 PM
From: t2	Read Replies (1) \| Respond to of 99985

re: telecom equipment stocks, The cat is so out of the bag. Looks to me that they will end going down in a thud. why not wait till all the holders that were left behind are sold out? I got tempted by the networkers but held back my buys. Prefer to see some bounce before gettting in although I will still try to catch this "falling knife" soon...ahead of the FED meeting. What might be a good strategy could be to pick stocks that sell into the enterprise market and avoid those with a big focus on carriers. It looks like the selling is indiscriminate and that usually sets up good buying opportunities....and I will be looking at those in the enterprise market. Decided to avoid the big ones like Lucent, Nortel, JNPR, CIEN for now but if they keep sinking, might take a second look. In the meantime, there are others like EXTR to look at. NT and LU---new lows! So far, shorting the rallies in the group have worked; I have a bit of that as well.