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Technology Stocks : copper mountain CMTN
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To: zx who wrote (639)8/27/2000 12:53:57 PM
From: Rarebird  Read Replies (1) of 1226
 
The bottom line is that CMTN fell into my buy zone on Friday when it fell under $60. The Big Money will watch the action at the beginning of this week before pulling the trigger on this stock. They'd like to see a selling climax prior to buying.

One of the problems with the above view is that a selling climax may not materialize. At some point early this week, enough buying pressure may emerge to force the shorts hands. It is better to be a little early here than 20 minutes late.

I plan to add to my position on any profound weakness.
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