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* Today's Sector Analysis: "Drugs  " Institutional Technical Viewpoint
Buy Alert!
Glenayre Technol
(GEMS):
$28 5/8 Stop. $26 5/8 P-Stop $None P-Objective
Dow Jones Ind: 10,170.50 minus 196.70 points Trade w/Caution & Stops Mar 6, 2000
Volume Two No. 991
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
3/7/00
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PRICE
OBJ
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CLOSE
PRICE
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AFCI
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ADVANCED FIBRE COMMUN
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BUY!
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* RSI: 74
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$77.12
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$74.25
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$119.50
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$75.75
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CNET
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CNET NETWORKS INC
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BUY!
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* RSI: 65
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$73.62
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$70.75
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$96.00
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$70.56
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CTXS
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CITRIX SYSTEMS INC
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BUY!
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* RSI: 76
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$119.87
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$116.75
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$138.00
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$118.56
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IDTI
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INTEGRATED DEVICE
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BUY!
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* RSI: 72
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$43.12
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$40.50
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$NONE
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$42.31
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IVIL
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INVILLAGE INC
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BUY!
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* RSI: 66
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$25.12
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$23.12
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$39.75
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$24.69
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JBL
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JABIL CIRCUIT INC
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BUY!
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* RSI: 70
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$82.25
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$79.25
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$116.00
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$82.00
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LU
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LUCENT TECHNOL INC
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BUY!
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* RSI: 76
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$74.50
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$71.50
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$89.00
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$73.50
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NXTP
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NEXTEL PARTNERS INC
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BUY!
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RSI: 65
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$37.50
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$34.75
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$50.00
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$37.00
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Drugs
LJPC: $12 1/4 MAGN: $10 3/4 TCLN: $12 5/8
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Buy Alerts
ILNK: $14 1/2 OAKT: $20 1/8 SPNW: $20 1/8
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NORTEL NETWORKS CORP
(NT-NYSE):
Technical Viewpoint: From a low
of $87.56 on Jan 31, 2000 prices
rallied, reaching a
high of $126 1/2
on Feb 9, 2000. A
decline saw prices pull back, reaching a
low of
$107 5/8 on Feb 28, 2000.
Another rally saw prices penetrate
resistance, closing 3/6/00
at $130.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 29, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $120.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 29, 2000. A P&F upside
reversal takes place at $124.00. Summary: Technical indicators have turned bullish. BUY! NORTEL NETWORKS CORP
(NT-NYSE) @ $130 1/8 Stop: Use a protective stop of $126 7/8.
NORTEL NETWORKS CORP is currently trading @ $130.00 plus $9 1/2 on Mar 6, 2000. Price Objective:
$155.00. Risk/Reward: $3 1/4 VS. $24 7/8. Today's Risk Reward Ratio: 7:1
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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