SI
SI
discoversearch

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.
Pastimes : The Naked Truth - Big Kahuna a Myth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: wlheatmoon who wrote (19856)2/16/1999 9:40:00 PM
From: John Pitera  Read Replies (1) of 86076
 
MKC, I see P&F'ers spreading the word:

Shares of Compuware (CPWR:Nasdaq) and Citrix Systems (CTXS:Nasdaq) slipped after a firm issued a report saying they were software stocks to short based on technical indicators.
Dorsey Wright & Associates wrote that Citrix Systems "reversed to the downside this week on its relative strength charts, suggesting that the stock will underperform. The weekly momentum is negative as well." It also said the stock was trading below its downtrend line and has give two consecutive sell signals. The firm's downside price objective is 69. Citrix Systems ended down 3 7/8, or 4.7%, at 78.
For Compuware, Dorsey Wright wrote "this stock is also trading below its downtrend line and has given three consecutive sell signals as well as made lower tops. The momentum is also negative." Compuware closed down 4 11/16, or 7.3%, at 59 7/8.
Despite the drops in both these software stocks, Wall Street analysts stayed put with their calls. "It's just a technical call that was put out at the right time," said one analyst, whose firm has not underwritten for either company. He said fundamentals for both companies remained strong and still rated the stocks a buy.


thestreet.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext