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

To: 2MAR$ who wrote (12496)	8/25/2001 8:45:25 PM
From: keithcray	Read Replies (1) \| Respond to of 208838

Thanks, Marsh--->and thanks for the tip on Premier Investor--->Bailey strikes again with his call to buy PMCS rather than CIEN on the S & P 500 addition news. From his Wednesday Market Commentary: I pity the S&P 500 fund managers that have to step into the market and buy shares of Ciena (NASDAQ:CIEN) over the next couple of weeks. Can you imagine HAVING no choice but to put this stock in your portfolio? Just four sessions ago, the stock fell nearly 25% on disappointing earnings and the downward trend is that of a MAC Truck barreling down Wolf Creek Pass without breaks Now, perhaps here is where you and I find opportunity for tomorrow. I think the chart of PMC Sierra (PMCS) actually looks much more bullish than that of Ciena (CIEN). I also like the fact that PMCS is associated with the Semiconductor sector compared to CIEN, which is associated with the Networking sector. Traders that like to play the "added to SPX" scenario might want to think about playing shares of PMCS tomorrow instead of CIEN. I'm willing to bet that market makers back off their offers in shares of CIEN as they know there will be demand for the stock by fund managers that need to add the stock to their portfolios. Short-term, this could have the S&P 500 trade higher as we get some perceived strength from a technology stock. This type of action could positively influence PMC Sierra (PMCS) and the resemblence of upward trend for that stock in a group that isn't setting new 52-week lows is a place to at least be looking long.