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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (14693)	2/14/2002 3:14:12 PM
From: mph	Read Replies (3) \| Respond to of 23786

leading the witnesses is the least of it. The questions are nothing more than speeches.

To: Jorj X Mckie who wrote (14693)	2/14/2002 3:38:23 PM
From: J.B.C.	Read Replies (1) \| Respond to of 23786

Sew's Class1 Sell was based on close today being near HOD, doesn't look like we'll get there. I was unable to get top PalTalk for the scenarios. Jim

To: Jorj X Mckie who wrote (14693)	2/14/2002 11:14:09 PM
From: John Pitera	Respond to of 23786

Cramer's writing bearish notes.... BRCD -- .28 cents of earnings this year, CEO did not up future expectations, what kind of multiple is that. JNPR-- he says 7 Times sales. DYN and merchant energy companies. ... --never should have come public. But they are in the business of creating electricity and selling it. Enron left that part of the business. ---------- Take Juniper (JNPR:Nasdaq - news - commentary) . Last night some data came out, the equivalent of this industry's Nielsen ratings, that Juniper lost huge market share (Dell'Oro numbers) to Cisco (CSCO:Nasdaq - news - commentary) in routers. Juniper declined from 32% to 26.9%. Considering that Juniper does huge business with WorldCom (WCOM:Nasdaq - news - commentary) and Qwest (Q:NYSE - news - commentary) , you can bet these numbers could only get worse. Yet the stock still trades at seven times revenue vs. Nortel (NT:NYSE - news - commentary) and Lucent (LU:NYSE - news - commentary) , both of which trade at a revenue multiple of 1. I believe the revenue and the estimates for Juniper are still way too high. But the stock is overly shorted. That cushions the stock as hedge fund managers have to come in and cover the stock to book the gain. That provides ready buyers at all levels, even if the stock shouldn't be sitting here. What do you do if you own Juniper? You sell it. What do you do if you are short it? You tough it out. Unless you know something about telecommunications I don't know. If that's the case, send me an email -- I am all ears. I will be open-minded if you can tell me what I'm missing. ------- Dynegy Should Never Have Gone Public By James J. Cramer 02/14/2002 03:59 PM EST URL: thestreet.com Click here for the latest from James J. Cramer. Dynegy's (DYN:NYSE - news - commentary) silly commercials that talk about moving energy here and sending it there and helping this guy offset coal with that guy's natural gas make me feel like it is saying, "Hey, we're no Enron. We do real things." Sorry, we are sick of energy trading. We are now convinced by Enron that it's a crummy business. If it weren't a crummy business, they wouldn't have had to resurrect the Star Wars trilogy and the Jurassic Park Raptor garbage to make the numbers. I know this could be the rap of a true cynic. But all of these companies that sprung up out of nothing -- Calpine (CPN:NYSE - news - commentary) , Mirant (MIR:NYSE - news - commentary) , Dynegy, New Power, Reliant (REI:NYSE - news - commentary) -- they all seem like do-overs to me, just detritus of an afterbubble of the dot-com market. I wouldn't own any of them. I would probably have been short them all on any lift as I think that these companies don't have real business models. If I ran Dynegy, what would I talk about? How about that pipeline, the only real asset that Enron had left? That was worth a fortune. If Dynegy said, "we are the pipeline company, we have gas," a totally flat if not flatulent message, I would be all over the stock. It's time for these one-year wunderkinds to own up to the fact that they should never have come public. What a joke. Random musings: Now Qwest (Q:NYSE - news - commentary) bides its time and sits at $7 until what? How about $6? Or $5? These stocks are like elevators: The shareholders have their fingers stuck on the down button. I'd get off here. That floor's gonna hurt ... Shocked that my Juniper (JNPR:Nasdaq - news - commentary) story was so revelatory; I thought everyone had that survey. Hey, hope you made money. I pounded it on my radio program, too.