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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: James C. Mc Gowan who wrote (2560)12/12/2001 2:33:05 PM
From: James C. Mc Gowan  Read Replies (2) | Respond to of 13660
 
I keep Bloomberg TV on in background while trading, they flash the futures on every minute or so, and news items.

Has anyone noticed how many upgrades are surfacing of the most overblown tech stocks, just in past 3 trading days?

This with warning season hot upon us. Guess it's time to get the suckers to take over the hotties at the top.
James



To: James C. Mc Gowan who wrote (2560)12/12/2001 2:43:23 PM
From: Mark Konrad  Read Replies (1) | Respond to of 13660
 
JNIC...James, I have no knowledge other than what is readily available to any investor/trader. That said, I am expecting them to show new products and be fairly upbeat about the future rollout of those products with existing and possibly some new customers. Undoubtedly, they'll not fail to mention a balance sheet free of debt and cash/cash equivalents of about $4/share. I expect many analysts will view JNIC's price of about $10/share as significantly undervalued from a fundamental standpoint. Technically, I'm looking for a quick leg up past 11 and then a slower march to the mid-teens (at least). I have no plans to sell any shares until then. All of this is my opinion only and I am currently long JNIC--MK--