copper mountain CMTN Message Board

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Technology Stocks : copper mountain CMTN

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To: neverenough who wrote (632)	8/25/2000 10:07:32 PM
From: Rarebird	of 1226

<I'm looking for some capitulation either Monday or Tuesday, a move down to the mid to low 50's followed by a reversal on big volume and a close in the 60's...> CMTN has already hit a new low for this move. I don't see much downside left at this point. The risk/reward ratio is very much slanted to the upside here. Personally, I was expecting the cascade of stop loss orders hit at $60 to produce an even greater decline. That's why I took a half a position very late in the session. I wouldn't hesitate to add to my position in the low 50's if what you say comes to pass, which is possible. I'd love to see a strong down open on Monday, then an abrupt reversal. Panic has set in amongst the longs. A nice rally is not far off.

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