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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jon Tara who wrote (3206)6/9/1997 7:11:00 PM
From: Louis Cornell   of 9285
 
Jon and Bettyann,

Both CSCO and SUNW wilted at the end of the day. Technically speaking you are correct Bettyann. SUNW is forming a triple top. Watch the volume. It tells all. The brokerages always hype stock at tops so their favored clients can bail out.

Cisco is a great company, but no company goes up all the time, and CSCO is very ripe for a correction. The techs were modestly strong today, and relatively weak on friday. Time will tell who is right. Jon, good luck on your long. ;) Call me crazy if you like...but I'll be nuts on my way to the bank. :)
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