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Technology Stocks : Veritas (VRTS)
VRTS 166.59-1.4%3:59 PM EST
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To: Tom Markowski who wrote (113)12/12/1997 9:43:00 AM
From: James H. Irwin   of 742
 
Its a go-go MO stock. be very careful as there are number of institutions and hedge funds, who will do all they can to keep this an unbroken stock...at least until year end. Trying to protect their performance numbers. Play the short term trend for capital preservation because they can squeeze you till your n_ts pop.

My guy told me that his firm was making a cautionary call based on valuation. My experience is they can carry you out the room feet first in a body bag. For example, you could have shorted OXHP a year ago, but if you got margin called out, covered only to watch it finally implode your a sad camper. Personally I'm going to wait for a failed retest of the recent new high five days ago.

bon chance.
Jim
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