CyberShop International, Inc. (CYSP) Message Board

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Technology Stocks : CyberShop International, Inc. (CYSP)

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To: Kaliico who wrote (730)	3/13/1999 9:05:00 AM
From: TATRADER	Read Replies (2) of 884

Agreed, fundamentals mean little on Internet stocks...Again and again shorts get butchered on these stocks..One day reality will return, and they will have their feast but not yet..... Recently, the shorts came out in mass on the SEVL thread...Someone who is respected on Silicon was shouting to short the stock at 5 1/4...The next day the stock proceeded to touch 10.00 a share..Ouch!! The stock was coming out of a long-term basing formation, not the time to be shouting short with such confidence... I am a technical trader, and never look at fundamentals...IMHO, they are a waste of time.. Again, I could be wrong on this evaluation as any of us can be..The market humbles anyone who thinks they know it all... Here are a few technicals to chew on: 1)50 day expansion pivot 2)21 day expansion pivot 3)60 day expansion breakout 4)Stock closely strongly-holding above support line at 12.50 as SEVL did at 5.00... 5)News still not out 6)Directional Indicator crossover.. +D1=46 -D1=14 and ADX jumped to 18....still signaling only the potential for birth of a trend...like to see if move above 20 7)Barnes Moving average crossover buy signal 8)Trix and moving average of trix buy signal If any of you on your software systems can run a systems test, you will observe that the most profitable indicators calling past history are numbers 6,7,8 listed above... I am looking for a gap of 1 to 2 points on Monday......

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