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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 (36601)4/1/2002 2:26:20 AM
From: Johnny Canuck  Respond to of 67924
 
>>Hold me back Harry, I'm 1mm from buying puts on gold
>>stocks..

Funny I was just thinking the same thing too.

>>As for the telco rally, they needed it and this rally
>>isn't the one, but its soon.. a side note the opticals
>>and more exotic stuff aren't following.

The real action happens in July. Right now they are looking
for early indication of a reversal in the sector and they
are not seeing it.

>>The overall toppiness bothers me.. makes me think a quick
>>sell off by end of quarter stocks' buying will occur
>>going into early April.. that will quickly set the stage
>>for a decent speculative tech coming back rally that
>>fails in May.

This plays out like previous years with a sell off after
the Q ends. If we sell down into earnings the market should
rally after MSFT on the expectation the worst is out. I
can't see a real catalyst during te summer as the summer
demand should be up Y-Y but low in absolute terms.

Interesting volume surges in TLAB, CIEN, NT, AFCI and JNPR. Most
of these are the beaten down names with good institutional
support.

Symbol Last Trade Change Volume Bid Ask Avg Vol Day's Range 52-wk Range P/E
TLAB Mar 28 10.47 0.00 0.00% 9,078,600 0.01 20.84 4,187,818 10.31 - 10.67 8.98 - 42.9375 N/A
NT Mar 28 4.49 0.00 0.00% 19,532,500 N/A N/A 12,590,681 4.28 - 4.54 4.22 - 18.50 N/A
CIEN Mar 28 9 0.00 0.00% 18,724,100 0.01 17.28 13,858,136 8.15 - 9.05 7.13 - 70.89 N/A

ONIS Mar 28 6.17 0.00 0.00% 1,588,100 0.01 11.96 3,335,318 5.70 - 6.29 3.50 - 40.95 N/A
SCMR Mar 28 3.95 0.00 0.00% 1,677,100 3.74 3.94 1,532,000 3.83 - 4.07 3.00 - 12.60 N/A
MRVC Mar 28 2.82 0.00 0.00% 892,600 1.44 4.42 683,863 2.75 - 2.90 2.25 - 13.75 N/A
TELM Mar 28 2.31 0.00 0.00% 785,000 0.01 5.20 1,961,681 2.17 - 2.36 1.78 - 29.73 N/A
LU Mar 28 4.73 0.00 0.00% 37,292,500 N/A N/A 30,502,681 4.43 - 4.74 4.00 - 11.50 N/A
CSCO Mar 28 16.93 0.00 0.00% 52,840,300 0.01 33.02 55,707,227 16.30 - 17.12 11.04 - 24.13 N/A
FFIV Mar 28 23.24 0.00 0.00% 1,319,600 0.01 52.50 1,437,000 22.64 - 24.38 3.75 - 28.73 N/A
ADTN Mar 28 24.14 0.00 0.00% 128,700 0.01 50.40 180,636 23.70 - 24.15 17.85 - 30.65 53.64
ADCT Mar 28 4.07 0.00 0.00% 5,059,300 0.01 8.00 6,494,818 3.83 - 4.12 2.63 - 10.85 N/A
AFCI Mar 28 19.19 0.00 0.00% 1,904,800 18.32 18.57 1,092,409 18.06 - 19.35 11.875 - 29.00 9.55
EXTR Mar 28 10.40 0.00 0.00% 3,110,800 0.01 20.24 4,428,681 9.75 - 10.50 5.85 - 40.00 N/A
FDRY Mar 28 7.19 0.00 0.00% 1,058,600 0.01 14.28 2,135,227 7.08 - 7.37 5.26 - 22.51 359.50