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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?


To: chojiro who wrote (11539)9/20/2001 6:22:36 PM
From: Bruce Brown  Read Replies (1) | Respond to of 12623
 
P.S. I went long on JNPR yesterday morning. Had set a stop at 9.8, but was saved by a nickle to live another day(g)

Another good move - or play - on your part (at least IMO). Juniper looks to have booked deals this quarter if you have been following their press releases for July/August/September. I've been surprised we haven't heard more about their next generation of core routers. Not sure what duration you have in mind for your trade, but it will be interesting to see how Juniper does over the next few quarters and years. If they can keep margins relatively high and grow earnings out of this trough, most likely an entry point such as you chose will earn a nice return provided you are patient and don't get stopped out. Of course, if there is a panic day where full capitulation followed by a reversal comes you may have to take your stop and try again another day.

BB