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


To: gringodoc who wrote (2001)8/17/1999 11:31:00 AM
From: The_Guru_00  Read Replies (1) | Respond to of 2514
 
I have been looking at the technicals and fundamentals of this one for some time. At the current time, I think I would be fearful of a massive short squeeze if Cook does announce a strategic deal with a credit card company. He appears to be getting the benefit of the doubt from may constituents, including the research community (not surprising) and from Barron's (very surprising). The short interest has increased dramatically, and all it will take is a little momentum for the shorts to run. The decision may be easy to cover noting that the day traders have proven that with this limited float they can take this thing to extreme heights ($90). Many of these stocks have had double spikes (take a look at ktel) regardless of the fundamentals.

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