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Technology Stocks : Concurrent Computer (CCUR)
CCUR 1,940-22.4%Jul 30 2:38 PM EST
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To: Sam who wrote (9297)6/8/1999 7:39:00 PM
From: steve olivier  Read Replies (3) of 21142
 
Sam, Are you sure you want my theories? At the risk of making someone mad, here they are:

As I posted late yesterday and early today, the stock looks like it is running out of gas short term. I have been feeding ducks above 7. SNDV definitely did not want the stock to go much above 7 today and they leaned on it pretty heavy just before the close.

I would speculate that we drop to 6 1/2 area tomorrow am and then attempt a rally back to high 6's and then go down to the low 6 area. Too many people are on the train and they need to be thrown off before the stock breaks above 7. A bad market tomorrow will offer the perfect setting for the buyers to back off and let the stock drop.

Also, since the stock crossed 5, we probably picked up a bunch of margin buyers and they will be very weak hands should the stock start dropping. Believe me, the buyers would like to panic any margin buyers hanging around.

I will view any significant dips into the low 6's or even high 5's as an opportunity to repurchase my duck food. On the other hand I will welcome a move back up and through 7 and be happy with the stock I have remaining. However, my gut tells me I will be back in the duck food business shortly.

Lastly, Sam I'll try to post as much info on the SNDV and JEFF positions as possible, but if I were to post every time they moved, I wouldn't have time to tend to the business of making money in my other positions.
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