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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (36548)	3/23/2002 1:17:09 AM
From: Johnny Canuck	Read Replies (3) \| Respond to of 68077

Most of it seems to hinge on this sound byte. It still seems pretty shakey to me. 11:23 ET Networkers advance into Sagawa call Networking group edges up 1% on a day that most technology sectors are trading in the red. Talk on trading floors that hedge funds are positioning in the group ahead of Bersnstein analyst Paul Sagawa's conference call Monday. Given that Sagawa was one of the first to turn negative on the space, traders playing the angle that a softening of his negative stance on the group would carry weight in the market. Worth noting that Sagawa had been saying that the sector would trough in Q4, and we are hearing that he will say nothing new on the call. What does every one see in their malls in their part of the country? Here on the west coast of Canada, I am already seeing discounting of the spring lines in the big department stores. It sure does seem like an economic re-bound to me. Housing sales are strong though due to fear of rising rates. TELM has about $1.90 in cash and a reduced burn rate of about 10 mil a Q. You might want to add SCMR to your list of companies to check. I don't know its fundamental anymore. I also have not check its technicals. MRVC still has no analyst coverage to speak of. It will be hard to get any traction without real and consistent earnings. I grabbed some ONIS at $5.95 on the triple witching sell off , only to watch it announce that huge miss the day after. It is being held in place by the fact people don't think CIEN numbers can be worse than what they guided for the Q. I am not so sure. I am running with a tight stop loss. I still think the real move does not come till July/August. I noticed over on the NT thread someone commented that the commercial paper is trading at 70 cent on the dollar. This guy did not think this represented a company traders thought were going out of buisness. No opinion at this point.