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

To: chojiro who wrote (2824)	11/12/2001 5:28:15 PM
From: Bruce Brown	Read Replies (3) \| Respond to of 3350

Bruce, I'm getting taken under today! woe is me(g)! JNPR is my only bright spot. I re-established a short position in RFMD today as well as a small one in NVDA. Still have some CIEN short from 17 1/2. What ever am I to do? Not sure I would have shorted Nvidia after breaking to new highs on decent volume following the earnings announcement and management's raising of guidance for this fiscal year and next year - as well as until the Xbox release was official and underway later this week. What did you see in the chart that suggested enough weakness to short NVDA? Price and volume were pretty healthy over the past few trading days. We may as well toss in the other chip company you chose to short - RF Micro Devices with their new contract wins and the chart itself. What did you see that led to playing it on the short? Sorry about your Ciena short at 17 1/2. You could have taken a profit in pre-market hours awaiting the CC. Maybe if you are patient enough that one will drift back down to your entry level this week. I don't follow Ciena as closely as some of the other networkers, so outside of them confirming guidance and trimming the work force was there any sort of new deal announcement? Looks like there is no end in sight to this rally. Will anyone ever care about valuations again? Plenty of healthy skepticism surrounding the market at the moment. People do care about valuations and a certain amount of control is being issued in that regard via the analysts and all the valuation calls we keep hearing on a daily basis. That's all healthy. Always important to read what the market itself is doing in spite of those calls. Maybe a little too much of a consensus has been developing that the market must retreat. When it gets that 'generic' and well known among the skeptical crowd surrounding this market one has to be careful that it doesn't move off in the contrarian direction. One could argue about the markets process of discounting the future turn in earnings as being correct or not at the moment, but all we can do is watch the market and adhere to what it is doing amidst terrorist threats, anthrax reports, tragic accidents, etc... . I liked JNPR a lot in the $9 - $13 range based on fundamentals and the number of deals they booked in Q3 even though I had no idea the size of those deals. I like the number of deals being booked in Q4 as well and hope the announcements continue. These deals don't ever mention the size, but when they include the higher margin M160 it always makes me smile. Of course, the next generation core router is up and coming soon.... I guess I have to let this position ride as it is the only thing keeping me afloat. I keep upping my stops, but no one wants to take me out! what is going on? Based on your previous post when JNPR faded into the high teen area, I assumed you were gone and had rolled over to be short the stock based on the Q's news about halting work on portions of their network. If you kept upping your stops, how is that you were able to allow it to drop from $26 to $19 and not get kicked out? Where did you set your stop? In the up gap following earnings? I was looking more at the new deal announcements already during this quarter which allowed me to dismiss the Q news as a big negative. BB