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Technology Stocks : Computer Network Technology (CMNT)
CMNT 0.00010000.0%Dec 22 4:00 PM EST
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To: Guy who wrote (634)8/3/1999 6:42:00 AM
From: Judy Muldawer  Read Replies (1) of 750
 
Here's an old Insider Trader recommendation from 12-98. The stock performed much better than predicted in this newsletter, and I think it might be a great buying opportunity at these levels too.

However, one has to wonder why it is trading so low at this time. ANy insight and opinions are welcome. Judy

12/10/98
$10.38
Update #10

Price Target Reached. Time To Sell.

CMNT has powered ahead of our recently increased price target of $10, to as high as
$10.625 per share. Confidence in the company in particular and the storage industry in
general have conspired nicely to put a rocket under CMNT. Stocks such as Quantum,
Seagate and Advanced Digital also have seen their shares move up sharply.

Talks with analysts and the company itself reveal that there is no real news that is driving the
stock up--just investor confidence.

While there still appears to be momentum in CMNT, it may be a bit overextended in the
short term. We think to stay in CMNT after the stock has so obligingly reached its increased
price target sooner-than-expected would be downright greedy. We are happy to take our
105% profit, and will consider another position in this very solid company it its stock pulls
back to around $8.
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