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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (9989)6/4/1998 12:33:00 PM
From: Susan Saline  Read Replies (2) of 120523
 
COTTF

sold this morning at 5 29/32, from a 2 month hold bought at 7 5/8
doing some house cleaning
had to erase the "hope" factor
and move on to others with more promise
Sue

the following T/A is from an SI friend, from whom I asked for an opinion....

>>>>>Hello Susan,

COTTF's business is being cannibalized by its losing war with the giants of the industry, Coke and Pepsi. The company IMO has little chance of surviving a prolonged battle with these two. The business was deteriorating so badly that it was profiled in a highly regarded book on short selling that I currently often refer to.

The weak business fundamentals have certainly been reflected on the chart. I recommend you liquidate your position for better opportunities elsewhere. Should you opt to hold, I would recommend you sell into any near term material strength. It just recently failed to rally past the previous "neckline," and that is usually not a bullish sign.

I think this is eventually going to $5.00.

It is continuing to underperform the market, and I do not believe there is a catalyst in the waiting that will change that. Upward price cap is at $7.00. If it rallies to this level, I recommend that you sell here.

Regards,

Rainier<<<<<
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