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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (14085)	2/17/1999 8:58:00 AM
From: james ball	Read Replies (2) of 34809

It is interesting how our call to go short on CPWR and CTXS stirred up so much interest on Wall Street. It's like no one ever heard of selling short. Credit Swiss this morning in support of their fundametnal call in December to buy at $68 ride it to $70 and then ride it back to $59 was that a "Lesser Known Technical Service put out a short on the stock". They touched base with the company and the company told them everything was alright. Can you immagine that. Calling a company to ask if their fundamentals are still ok and the company tells you "don't worry be happy". Credit Swiss says that now that the stock has declined in price, like 16% from their recommendation and 25% from the top, it's a better deal now. Major revelation. This reminds me of MU at $87 and Wall Street thought we were lunatics when we said to sell the stock at that price. They continued to love it all the way down to $17. We are lowering our stop point to $66 from $68. Ctxs stop is lowered $85. tom Dorsey

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