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Strategies & Market Trends : InvestRight - Short Term Trading St
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To: invest04 who wrote (93)9/10/1998 9:18:00 PM
From: Jeffrey L. Henken   of 939
 
Thanks for the URL's Stephen. CCSI is a stronger buy today then when I first posted it here last week. While it's certainly true that the stock could trade lower again but I was encouraged by the close today on a terrible day for the DOW over all.

If people would just use their noodles a little bit they would realize that if the Colormate III was incapable of doing what the FDA approved it to do then it would never have been approved in the first place.

I hate to say this because I know many people are still trying to survive margin calls on CCSI but it may yet be a while before a deal is done. I'm talking about the deal that will finally vindicate those of us who are long. I definitely believe it will happen and I maintain that if an investor bought CCSI tomorrow morning at these prices you will be able to trade out half your position for over $1 profit. Better than 25% gain with no chance of losing because the shorts were always wrong about CCSI.

Furthermore if the news came sooner than I expect then you would have your entire position to profit from during the ensuing short squeeze. One final thought, I never read Barons for anything other than a short term trading pop off of what they feel is an undervalued stock. Often times stocks have been beaten down for the right reasons, ie there is no technology, however in the case of CCSI, Barron's just jumped on the dog pile without doing any decent due diligence at all.

Regards, Jeff
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