MTIC - Is this the next EMC? Message Board

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Technology Stocks : MTIC - Is this the next EMC?

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To: BillyJoe McCallister who wrote (158)	9/25/1997 3:05:00 AM
From: Craig DeHaan	of 3748

Vincent, Bronco's genius (if you choose to call it that) isn't all that remarkable if you follow TA. On a purely technical basis MTIC was extremely overbought in Stochastic(RSI) terms Tuesday night after a +30% runup over the previous three days. Unfortunately for those long positions, the pressure seemed very likely to be relieved with a selloff of some magnitude today, independent of the CPCI downgrade. The combination values in 8 and 14 day StochRSI hadn't been exceeded in the past two years. I'm still trying to determine how he profited 130% in two days without a 3X leveraged brokerage account agreement. The stock was up 15% Monday, 5% Tuesday, and by shorting it from the high of 14 5/8 down to the low of 11 1/8 for another 24%, his numbers don't exactly compute. Maybe just a slight measure of bragadocio to enhance reality for the paying customers. If he covered at the bottom for another 20% gain on the climb back to 13 3/8 he's up 2X leverage almost gets it. Good call and gritty nerve on his part though, to actually pull it off. Craig

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