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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.40

-0.5%

4:00 PM EST

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To: Clint E. who wrote (17132)	7/17/1998 1:28:00 AM
From: DLS	Read Replies (1) of 69747

Clint, any comments re my post 17111 about CGNX? Manish felt that too much upside could be left in semi equipment manufacturers. CGNX is not overbought but should find it difficult to get over 20. Also recent 12 month price target is only 21 and it is at 19. Earnings out on Tues. More ASIA bad news, Semi bad news, or market top could down spike this again to 15 while it should be unlikely to get much higher, IMO. Not a typical overbought short but maybe a potential disaster story with relatively limited risk. Very interested in varied opinions.

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