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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: nolimitz who wrote (142755)	1/26/2006 9:59:37 AM
From: hotlinktuna	Read Replies (1) \| Respond to of 208838

Nice on SUF pete! PECB .62 +.04 nearing .63 HOD from yesterday and .65 high from a couple of weeks back...if it can take these out I really like it's chances for much higher prices soon! tuna

To: nolimitz who wrote (142755)	1/26/2006 10:02:35 AM
From: Norm Demers	Read Replies (1) \| Respond to of 208838

Looks like 17, hard to say .

To: nolimitz who wrote (142755)	1/26/2006 12:20:39 PM
From: lexi2004	Read Replies (2) \| Respond to of 208838

Nolimitz, Sorry, didn't see this post before. Okay, will try my best for you. First of all, no support on the yearly chart for JNPR broke down below the yearly low today. So we have to go back further to find some support. I'm going to take the low in October of 2003 and do a fib on it with the high in '04. Those numbers are: 4.15 and 31.25. (BTW, feel free to check my numbers. LOL) Having done the fib calculator I get this: 50% retracement is 17.70 (It's currently 17.46) 61.8% is 14.50 78.6% is 9.95 Now, knowing nothing about the company to speak of, if I wanted this stock, I would buy a small amount at the 50% fib, and you already have a better price than that now, then I would add bigger amounts of shares as it drops. Very often a stock will fib 62%; however, if it fibs 78% they tell you that the chances for reversal of trend are pretty strong. fibonacci-retracements.com Looking at the current day's candle, I see that there is extremely high volume, and that there is a tail on JNPR at this time indicating that buyers are stepping in, but that could be temporary. If the news is really bad, then you might want to wait closer to the 62% fib level. It just depends on how you feel about the stock itself and what you plan to do with your position - meaning trade it fast or invest in it. Hope that helped. Lexi