Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Trey McAtee who wrote (5960)	4/27/1999 10:26:00 PM
From: Mookie Pierce	Read Replies (1) of 8358

Trey, Been meaning to get back to you concerning my TA on CS. (If you remember) I predicted a double bottom before earnings, which didn't pan out and the stock went lower. This is when the stock went to 10 and change a month ago. I'm concerned about the downward trendline that has formed from end of Jan to mid of March, and now not having closed above it yesterday or today. Either we're going to break through it and continue to 12ish, or we're going to bounce off of it. I guess if we bounce off it, we'll have another buying opportunity. I am in at 8 3/8 and sold half of my position, which was large, at the end of today's trading thinking we might bounce off. It's just too ironic that we were up to 9 7/8 in the last hour and didn't close above that 9 7/16 mark (Right on same trendline that we closed on yesterday.) I release you're not a big chart reader, but that's why I'm interested in your TA. Mookie

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