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Technology Stocks : Catapult Communications Inc (CATT) -- Ignore unavailable to you. Want to Upgrade?


To: Victor Lazlo who wrote (69)7/8/1999 10:50:00 PM
From: Tourist  Read Replies (1) | Respond to of 184
 
No doubt some day-traders were in on today's movement. If you're long, this isn't a big deal, but there may be opportunities to sell and then buy back at lower prices. How do you guys assess this possibility? Any techniques on figuring out when day-trading momentum has peaked? Clearly the bollinger chart isn't too helpful for this run, it was just too explosive. Having made the list of top % gainers, there will be a lot of attention in the coming days, well-deserved attention i might add. A lot of people are attributing today's jump to the mention of Cisco, do you guys agree with that? Sure Cisco carries a lot of weight, but enough for this kind of single-day jump? Also index buyers may have contributed since catt has just been added to Russell 2000 & 3000:

(2000) russell.com
(3000) russell.com

The dates on these pdf's is 6/30/99 however, so accumulation may have started much earlier. Can something else be driving this stock? The volume is unbelievable....

Paul