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Strategies & Market Trends : The Rational Analyst

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To: Susan Saline who wrote (1221)6/23/1998 2:09:00 AM
From: HeyRainier  Read Replies (2) of 1720
 
[ More Retracements ]

Okay Sue, I'm on a roll with the retracements. Here's another one: CCSI. If you recall, this issue was destroyed recently by the recent announcement that one of the most prominent short sellers in the industry had taken a short position in the stock.

Despite the recent price destruction, accompanied by arguments why this should be driven to zero, the stock recently retraced 30% of its losses from its bottom (30.09% to be exact).

Regards,

Rainier
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