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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (12112)	8/22/2001 10:02:57 PM
From: golfnut777	Respond to of 208838

Stoctrash, if I recall correctly, PMCS ran 20% or so in the few days that followed. I'll take that. Note also that PMCS hasn't broken support levels (at least not yet) while many other lead stocks have, e.g. VRTS, EMLX, BRCM, JNPR, EXTR, and on and on... Being tied to the index adds an extra measure of support. Now all those institutions that have been dumping CIEN mercilously over the past few weeks will be buying it back, particularly those funds that are tied to the index. Any shorts holding CIEN are shaking in their boots right now. It's almost been too easy to short anything in sight which is an environment ripe for a rally.