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Technology Stocks : Juniper Networks - JNPR -- Ignore unavailable to you. Want to Upgrade?


To: Alidotr who wrote (2730)9/21/2001 8:38:43 AM
From: chojiro  Respond to of 3350
 
Hi. I'm not sure why they ramped it up yesterday. Maybe good things coming out of the company in the future.

At this point, and good news from anyone will be met with euphoria. I decided to go long here because it has fallen considerably below my low end target, and if nothing else I expect a bounce, no matter how big or small. I will retain my stop of 9.8 and revise it if the stock remains strong- which right now seems to be a big if. Futs are not boding well for longs.

As you know, I covered the last of my CIEN, but remain short in VRTS BRCM and yes, RFMD- I will short more RFMD if it rises much above my sell price of 25.6. Ultimately I wxpect it to trade as low as the mid teens and perhaps the single digits. Time will tell if I am the bigger fool.

Good luck.

P.S. re: your RFMD position. If I was long, I would hold it until/if 19 is breached. after that it could be a real free fall.