Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 299.08

+1.1%

Nov 11 3:59 PM EST

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To: BarbaraT who wrote (11469)	6/30/1999 1:11:00 PM
From: TWICK	Read Replies (2) of 52051

Barbara, I'd be on the cautious side with holding WITC at these levels. It's way overbought and loaded with day/momentum holders. It's come up way high, way fast. They don't keep going like that forever. Plus, we have 2 more days until Mr. Greenspeak speaks. I'm expecting traders and investors to lighten up on their positions to be prepard for a possible surprise from Mr. Greenshades. I personally doubt he will raise the rate higher than .25, but I bet he will stress that he will continue his bias stance towards raising the rates again if he does not see enough of a slowing economy . Technically, WITC is a good short at this time IMO. I agree with Boddington that there will be other opportunities to re-enter WITC once it settles. Twick

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