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Technology Stocks : Critical Path (CPTH)

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To: Millionairess who wrote (101)7/24/1999 1:03:00 PM
From: Robert Rose  Read Replies (1) of 185
 
To all: what's going on? The e report looks terrific, yet the stock tanks on above average volume on a day with mixed inet showings.

Granted it's a difficult time sector-wide and inet ipo's seem to be losing steam fast, but I am still surprised. I suppose cpth is as good a poster child as any for the recent display of inet speculative excess: over 3 weeks the stock skyrocketed from 40 to 150, only to plunge 75% in the next 3 months. At 38, cpth is now within easy sight of its all-time low of 34.

Disclaimer: Neither long nor short the stock at present. Made some good money early on, broke even when it hovered at 50 (I thought it was basing, lol). Watching to get in at some point, as the company's prospects look terrific and they have a history (albeit short) of doing a lot right.
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