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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: Ron McKinnon who wrote (1260)7/2/1999 8:22:00 AM
From: Bob Trocchi  Respond to of 2514
 
Ron, et all:

A small portion from today's Street.com on CUST

>>The CUST Fuss
Item Next: What is up with CustomTracks (CUST:Nasdaq)? Normally, I get multiple chart requests for stuff like America Online (AOL:NYSE), eBay (EBAY:Nasdaq) or any of the other "must-have" stocks. But CUST? Yes, CUST, as Michele Holcomb, Jo Anne Foulk, Marc Vraciu and even Brian No-Name requested.

And then even Herb G. piped in, all of which necessitated a special Friday look at CustomTracks. But after eyeballing the chart, I kind of wish I hadn't been asked. Reason? Murky, at best. Given that, I wasn't surprised the questions from the aforementioned readers ranged from "Should I short it?" to "Should I buy it?" And whenever I see such mixed opinions, it usually means one thing: Stay away!

Yes, this is a classic -- albeit, rare -- case where a fundamentalist might have an edge. To my eye, there are enough crosscurrents working here that I'd spend about two seconds on this chart, conclude there are about 5,000 easier stocks to trade and then move on. But maybe you fundamentalists have an inside edge on CUST I don't know about. If so, there's certainly no consensus reflected in the chart. <<

He seems to feel that this is not a stock in which TA is of much value. We all know that it is not a stock with good fundamentals.

Bob T.