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Technology Stocks : CPTL

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To: who wrote ()2/25/2000 4:24:00 PM
From: bly62   of 199
 
Merrill Lynch starts ALGX with BUY....
by: bly62 2/25/00 4:13 pm
Msg: 2311 of 2311
This is why ALGX is up 15 today. I believe many money managers in addition to buying ALGX today are looking for other stocks to add to their portfolio in the sector. In their hunt for undervalued telecomms...guess what they found! CTC! Thus the big volume today and breaking out over 61. Now 70 to 75 is easy from here. What would be interesting is if Merrill Lynch started coverage on CTC at a buy.
This would be good for 10-15 points plus the short sellers getting trapped ....see what can happen here! 100 could be in the near future!
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