Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (80167)	7/13/2001 8:56:31 AM
From: t2	Read Replies (1) \| Respond to of 99985

I think it is more likely that the first resistance just under $32 will turn it back, but that depends on how far this rally goes, if Bobby is right and this rally as "legs", then $32 should be "taken out", I think that in this instance, Bobby is wrong, and we already had as much of this rally as we are going to get. Zeev, I also think this rally has legs. It is just the result of a major shift in psychology. MSFT did it the other day and JNPR is doing the same thing. The JNPR news has implication for a very broad networker/telecom equipment sector. They made comments that there is little pricing pressure in the industry (Cisco). The investors are looking for even the smallest bit of good news to buy the Naz. We have a lot of heavyweights in tech reporting earnings next week INTC,IBM,MSFT. The unknown about MSFT is what they say about next quarter. Remember there were analyst comments suggesting that they would warn for Q3. After their press release Wednesday, that does not seem to be discussed anymore. They also settled with one state yesterday. With warnings out of the way, there is just risk in being short going into next week as we have cleared the earnings warning period. The negative picture had been painted by the companies that warned over the past 3 weeks or so. Any small positive could lead to major moves higher. I believe many of the tech shorts will be covering. In addition, we saw the rally yesterday even while the Argentina news was getting worse. That was simply amazing! BTW--I am not making my predictions on Nasdaq levels but it is going higher, imho.

To: Zeev Hed who wrote (80167)	7/13/2001 9:13:41 AM
From: t2	Respond to of 99985

8:50AM Juniper Networks (JNPR) 28.47: -- Update -- Hearing from sources at Wit SoundView that the firm believes that despite management denials, Juniper has lost some market share; Salomon Smith Barney made similar comments this morning (see 7:24 comment). That comment was from briefing.com. I am hoping this comment will create a good buying opportunity, even though I agree that JNPR is losing market share. However, I am just looking at JNPR as a trading opportunity given the high degree of pessism that had existed on this stock and industry. Cisco should be moving higher off of this and might consider that one as an alternate daytrading play (or holding into next week). Hoping I get a chance to buy in at yesterday's closing price on JNPR. The comment above is actually positive for the sector as whole since JNPR making profits and losing market share at the same time is a sign of some industry strength.