CSG Systems (CSGS) Billing Support Software Message Board

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Technology Stocks : CSG Systems (CSGS) Billing Support Software

CSGS 76.92

-0.1%

3:59 PM EST

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To: Roger L. Chuchen who wrote (94)	7/28/1999 1:17:00 PM
From: double-plus-good	Read Replies (1) of 135

For the time being support at 23 appears to be holding. Next support level is around 20. My feeling is that there is a concerted short play taking place. I've been involved with one other stock that was so targeted. (i guess that's two if you count fgi) If I'm right there's likely to be a second accounting report either already delivered or on the way. Judging from the volume today it might have hit the street today. The increase in unbilled receivables is their objection and the focus of their short. The problem as i see it is that most of the analysts are already on the books with strong buys so there's little support they can give the stock. I like the company and the future prospects but this onslaught is the worst trade i've been in all year. Holding for now but not anxious to see 20. ++good

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