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Technology Stocks : Spyglass

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To: darbyred who wrote (1328)1/6/2000 1:09:00 AM
From: Bruce Cullen  Read Replies (2) of 1412
 
Thank you for the note,

I feel SPYG has the possibility to reach anywhere from 50-100 by this summer. Their technology is in a sector that will see higher than expected growth from even the best Wallstreet analysts, remember this is my opinion.

We hit an intraday low on the NASDAQ today for sure, if we drop any more we could see a 4-500 point decline from todays close. This recent test did push a bit more towards a damaged signal on my chart, it is a hard call, I would say we will see a big pop or a big drop from here. Be cautious, I bought a bit on drops today in a few SCG rec's.

I am going to watch real close for any overnight market jitters, keep a close eye on bonds and s&p futures.

Bruce Cullen
www.geocities.com/wallstreet/1606
Send E-mail to: Sherwoodgroup@bigfoot.com
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