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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote ()11/30/1999 11:10:00 PM
From: Tim Luke  Read Replies (5) of 90042
 
thread ..CS!

i think we should talk about CS tonight , i know many are in this stock....my feelings on this have changed just a bit and i want to make it very clear to everyone why i'm selling......

earnings: earnings are out on the 20th..i think cs should do well but in this market that means very little...cs could get hammered down even with good numbers....

y2k:.....we still have this hanging over our heads and that could affect the price of cs also.

money management...we ALL should be in the green on CS...i have been in for months now with an average over 16, buying since 14....i spent a lot of time thinking about this call today....we CAN'T make any stock personal....i think the cs money just might be vested in better places right now..

takeover:..unlike NN where there is no doubt they are 4 sale cs could go at it alone..the downside to this is many are in cs for the takeover so any word from cs they are not 4 sale and all bets are off..cs will go down....i still feel marconi will acquire them but the big question is when...now that i have learned the earnings are on the 20th this could delay things till after the first of the year.

manipulation:...i have followed cs daily for a very long time and i have to say it is one of the most manipulated stocks i have ever seen...the specialist toys with this stock every day and he could open this stock down 3 points tomorrow if he wanted to....keep this in mind going into earnings.

summary:....cs has no doubt turned the corner and on it's own merit it's a 40$ stock..if you don't need the funds then i think it's a great hold..but for me i need my money working and now that i'm sitting on a nice profit i think it's time to move on...i have been holding too long......

tomorrow i will be completely out of cs, it was a long haul and a rough one at that.....i will continue to watch it daily and for those of you also selling just keep in mind we can always buy back in....i think cs is pretty easy to figure out...there should be a alert to everyone when cs is close to being bought and that is what i will be looking for....in the mean time i need my money working.
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