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Strategies & Market Trends : Rande Is . . . HOME

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To: john722 who wrote (33407)	8/31/2000 10:47:53 AM
From: Mark Konrad	Read Replies (2) of 57584

CCBL...John, this was on my list to check out as a possible oversold buy. There is good historical chart support in the high teens and solid basing action over the past week or so. Oversold stochastics are now beginning to turn positive from extremely oversold levels which indicates to me that the short term bottom is probably in. Near term, CCBL could go to mid-high 20's very easily. Thanks for bringing it up; I went long an initial position this am at 19 5/8. It's a good complement to other fiber plays I like (AFCI, IFCI, "FiberSam," etc.) A very low risk trade under 20, imo--MK--

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