CyberGuard Corp. (CYBG) Message Board

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Technology Stocks : CyberGuard Corp. (CYBG)

CYBG 0

-100.0%

Jul 23 5:00 PM EST

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To: gerald tseng who wrote (1385)	3/26/1998 6:45:00 AM
From: BOOYEAH	Read Replies (1) of 2616

My guess is that the first day was profit taking and old investors deciding to get off of the long ride. A stock can't go straight up forever. Yesterday was a pure deliberate manipulation of the stock. There were 200 share blocks traded at bid the second half of the day - probably a short seller taking advantage of the momentum loss. Constant 200 share sales to keep the price moving down so those who hadn't sold yet would do so. I think that the technical stops should have been around 10 1/8 - 10 3/8 so Jas was probably right about some limits getting triggered. I could kick myself for not selling at 11 1/2, I thought about it and then got stuck in a meeting. Testerday had to be a down day, it follows the same pattern every time. I am long CYBG, but taking advantage of these $2-3 dips is an extra 1000 shares. Look for more of the same this afternoon if volume is slight. Without news or other influence, the support will come just above 9. Any comments on the bottom? Bill

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