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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.40

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Jan 21 4:00 PM EST

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To: Clint E. who wrote (15362)	3/21/1998 11:22:00 PM
From: David O'Berry	Read Replies (2) of 69943

Clint, I have to wonder about these companies if we get any kind of correction. Most of the tech sector are middle of the road or lower in price and yet the OTC is gangbusters. If we get a correction, do you think it will be a flight to value into these stocks or that they would get further butchered. I am looking for entry points to increase positions but I feel very cautious at this point. Any info would be much appreciated. Thanks, David doberry@mindspring.com PS. Take a look at CPFC. I am long this stock and there is a serious potential for a short squeeze. There are 5.7 million outstanding, 1.7 million floar, and 900,000-1.2 million short. The company just issued a press release regarding how this stock has been illegally shorted against a convertible debenture. It looks like things could begin to get interesting. This thread has some excellent contributors both short and long, so you folks let me know what you think. Thanks again, David

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