Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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To: Johnny Canuck who wrote (32446)	5/23/2001 4:22:41 PM
From: Return to Sender	Read Replies (1) of 70343

CMTN would be a great stock for you to trade Harry. You've followed it a long time. On my end though I look at the chart and technically I see the stock is overbought and due for a pullback. The volume today could be seen as distribution before a drop despite the fact the stock moved higher today. I guess I would rather be a buyer at 3 than hoping I would get even 5 again from today's prices. Of course these could always be a buyout coming. Wasn't EFNT bought out? The risk is simply too high for me but you do so much better reading the breakouts than I ever will. I get vertigo just looking at where some of these charts were able to go just a little over a year ago. Wait till you get to those closing SOX numbers. Down almost 5% today. I believe the Nasdaq is going down lower with it too. Great buying opportunities coming soon! RtS

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