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Technology Stocks : CUC Int'l- Cybermarketeer?
CD 6.195+16.4%Dec 22 3:59 PM EST

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To: Mark Lijewski who wrote (68)4/22/1997 12:27:00 PM
From: Todd D. Wiener   of 243
 
CU is down to 19.75 today, with a low of 19.25. Volume is increasing sharply, possibly indicating a bottoming soon. Although CU is now at a 52-wk low, there is longer term support just above 18. It fell to that level last year when the acquisitions of SIER and DAVD were announced.

There is nothing wrong with the company fundamentally, and CUC is still expected to have earnings growth of 25-30% annually for the next few years. This stock, while being in a trading range for about a year, has held up very well to the market downturn--until now, that is. This phenomenon also may indicate that the bottom is near for the stock market in general. However, the overpriced stocks like KO are going to need to take a rest (along with the DJIA & S&P 100,500) before the undervalued stocks are to move higher.

Just so everyone knows, I expect to buy more CU below $19.

Hangin' tough,

Todd
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