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

To: Johnny Canuck who wrote (33112)	6/28/2001 9:36:28 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70464

08:39 ET CIBC on Opticals : CIBC World Markets says investors should recognize that legacy voice is a dead-end and focus instead on next-gen optical networking; initiates Ciena (CIEN 39.09) with a BUY; analyst notes that his FY02 estimate of $0.78 is well below the $1.06 consensus as he believes margin pressure will continue (cites recent CORV contract with Q), but nevertheless sees CIEN as a long-term winner. Also starts ONI Systems (ONIS 25.00) with a BUY and Sycamore (SCMR 8.59) with a HOLD.

To: Johnny Canuck who wrote (33112)	6/28/2001 10:50:55 AM
From: Clint E.	Read Replies (2) \| Respond to of 70464

>>>> EMC based on positive data points at the end of EMC's qtr; I keep my EMC short ~29 for now. I wish I were long some other stocks so I could get out here!!! Short-covering on unexpected gap-up....Up 50? On comments like this? <<<< ``You have to trust the Fed here,'' said Barry Hyman, an investment strategist at Ehrenkrantz King Nussbaum. ``I don't think the Fed would start ratcheting down the interest rate cuts without the anticipation the economy is going to strengthen or stabilize near term. My interpretation is this is an indication the economy will stabilize in the next one to two quarters. It still leaves the Fed open to more cuts.'' >>>>