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Technology Stocks : INSS - International Network Services

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To: Sardar Q. Imam who wrote (60)2/23/1997 3:20:00 PM
From: Jon Huang   of 446
 
The network sector on Friday took another beating.

As you have noticed, CSCO, ASND, USRX, COMS, CSCC... all were gunned down by the traders/investors. Stocks tend to move on the extreme side on the Option expiration day, especially recently.

Small companies like INSS (8.5% owned by CSCO) can't exscape this slaughter either. The entire sector do appear to be moving according ly. When it's time for them to go down, short the entire sector. But when it's going up, go for the fast movers...

load up when it's down... but do take profit when the target price is reached...

Jon
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