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Technology Stocks : CPTL
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To: Lucky who wrote (79)11/10/1997 6:15:00 PM
From: Froman  Read Replies (1) of 199
 
From the looks of some of your posts elsewhere, it seems you are a short who is feeling the squeeze and you are resorting to typical short seller tactics, spreading misinformation (i.e. news release) and attempting to incite fear. I'm not aware of any news release and any stock that makes a sizeable percentage daily gain will show profit taking towards the end of the day. I'm not advocating that anyone should buy at these levels nor am I stating for a fact that the stock will continue higher, but those of us who were in at lower levels (eg. $9-$10-$11) might be able to ride this out for even larger profits as the momentum still seems strong. I'm well aware this is a momentum play and will eventually recede in price, your not telling me anything new, but as long as the volume is strong and the gains keep coming, I'll ride it just a little bit longer. You may make some money on your short, it's just that I'm going to make money on my long first.

Good luck to all!

Fro

Expect to see the shorts put a stop to this one.Short players on other threads are talking about this one being overextended now.They started showing up at the end of the day today and will probably put up a fight tomorrow.This combined with the nervous nellies that won't be able to resist taking these recent profits on no news will cause a rush for the exits tomorrow at mid morning.Also there was a late news release at 3:30 from an analyst stating that this recent run up is not the result of any new developments and just the market reacting to old news.Think we might see $10 before we see $17.
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