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

To: Logain Ablar who wrote (40571)	1/6/2004 8:08:34 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69278

I think the old target at the height of the tech bubble was $100. Given the reduced run rate of Hynix and Micron, your $70 target seems more reasonable. I still hold a bunch of this stock from before it got caught up in all the hype and lawsuits. Amazing the RMBS thread on SI used to be one of the most highly argumentative with extreme traffic. Most of that has died away as patience has worn thin with the legal wrangling. Despite the validity of their patents, the judgements have been all over the board. I guess it became too much of a wildcard for a lot of investor and traders.

To: Logain Ablar who wrote (40571)	1/6/2004 8:14:03 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69278

The raises guidance of ADTN and the beginning of the awarding of the government contract for Internet II seems to be driving the telecom sector the last few days. Despite the fact that it has lagged the sector I still like CIEN the best long term. It has the widest product offerring now that NT and partially LU have exited the market place. CORV has made a incredible run the last few days, but I don't like their potential as much as they are still concentrated on the long haul. In that segment they also need to compete with the low cost producer ALA. GLW may also have the most to gain, depending on how INTERNET II is deployed. There is still a lot of dark fiber in the ground.