Cabletron Systems (CS: NYSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cabletron Systems (CS: NYSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kiriakos Georgiou who wrote (4796)	8/21/1998 6:24:00 PM
From: epicure	Read Replies (1) of 8358

Sorry to here about your portfolio. I think we may get a rally on Monday that should help you out. The DJ-30 and the SP-500 both formed huge hammers (candlestick formations) which can signal the end of a downtrend. The NAZ had too long an upper shadow for me to call it a hammer but it still looks bullish to me. I sold most of my put positions this morning and went long. CS got a tasty bullish engulfing candle today. MACD and RSI look like they might just be turning up too. I listen to Jerry Favors and I believe he will be taking his customers 100% short if the DJ breaks 8316 print- which we did not do today, although it was close. So keep an eye on the averages, while you wait for your stocks to recover. And do try to raise some cash in the rallies- you want to have it available for days like today- and there will be more days like today.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next