JUNIPER November 24 2000

There are those currently touting Juniper as a "buy". Technicians would be more likely to short it than buy it. Note the highest volume on the chart on the breakaway downside gap November the 21st. The gap and bounce three days later occurs on negligible volume and looks like short covering. Bounces of this sort (which are known in the trade as 'dead cat bounces') are often followed by further price erosion, especially after plunges of such violence. Only the most adventurous (and perhaps rashest) of speculators would buy at this point and his stop would be the nearest low. The serious investor can find other less risky situations. And if he is set on Juniper patience is certainly in order until the downtrend has run its course.