Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: tcarnes who wrote (8414)	12/15/1997 4:09:00 PM
From: space cadet	Read Replies (2) of 9285

Something is definitely wrong with ctxs. It is wounded, fallen, and I don't think it can get up. I had Dec puts which were virtually worthless last week. Because they are so close to expiration I got out today-too much money at risk- but I will try to get back in if ctxs bounces at all-even one point-tomorrow. If ctxs still had the momentum crowd behind it then when msft et al staged their turnaround today ctxs would have turned around also. Instead ctxs barely budged and ended close to its low for the day, on high volume. I think the people who have these mindblowing profits are finally seeing the light and acting defensively. The funds want to protect one of their few remaining hi-tech winners and are getting out also. In short (haha) I believe ctxs is on the verge of collapsing and any kind of bounce and I'm in. This is the worst chart technically speaking on the Nasdaq IMO. Any other wounded ducks out there?

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