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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: J R Live who wrote (4713)8/11/1998 6:54:00 PM
From: Captain James T. Kirk  Read Replies (1) of 8358
 
OK, here is annoying comment. I belive we have an interesting situation going on. We seem to get these panic, short lived, sell offs in the market, and instead of a steady sell off day by day, we get after hours futures that are in positive territory. I belive that we are still in a bull market, and that we will not see much of a move lower than the Dow 8250 market. Instead, I belive we will trade within a 300-400 point range until we again break bullish to the up side. CS is losing with the general market, and these dips are excellent buying ops, if only for 2-3 points short term. This is not the major correction of last October. the market is very nervous, but it is supported with lots of buying, but by buyers that come in at late day or the following day. I am not taking these sell offs seriously, but instead I am taking advantage of them.
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