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Strategies & Market Trends : CYTC - How High Can It Go!

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To: Jayne Furman who wrote (121)5/6/1998 10:25:00 PM
From: Walter High  Read Replies (1) of 185
 
Colleagues:

I have followed Cytyc almost since its IPO. Every time it has dipped below 20 it has been a buy. I was fortunate to sell at 26 several months ago and have now bought back in at 14 1/2. With the positive news today about the insurance companies and the upgrade coming after the close, I bet we will see more upside tomorrow. I bet we will be back to the 24-28 range by sometime in June. This stock is a traders dream because it moves in such wide swings.

My advice is to buy it when it is below 23 and sell it when it is above 28.
Walter High
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