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Strategies & Market Trends : Stock Crashes

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To: Udo W. Perkuhn who wrote (252)	1/27/1997 9:20:00 PM
From: Stephen Adnan	of 400

Udo and all, I would have to agree USDL is better bet than PSIX on FAs; PSIX up moves more targetted to brokerage recs. Any comments regarding CTN's mini-crash today. Down over 5 intraday due to NY times article questioning accounting practices and resume of CEO. See - biz.yahoo.com CTN has approx 3 million shares short and reports earnings 2/3/7; I expect (hope) for usual breakout earnings - See - stocksmart.com:8810/ss-news/CX329629.html and, therefore, massive short covering soon - pre-earnings. I believe that the NY times article is red herring. Any SC opinions? Stephen

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