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Technology Stocks : CSC Computer Sciences Corp -- Ignore unavailable to you. Want to Upgrade?

To: Bryce Elkins who wrote (116)	10/3/1999 11:52:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 125

I am about a 90% technical trader and while the weekly chart on it is OK, the daily is showing a high probability of a drop to the 63-65 range with a lot more possible depending on the overall market. I follow a lot of IT companies as I was a player in them over the last few years until they started getting hit last April and moved on to other things but I am looking for a straddle play for the FOMC announcement Tuesday. I figure I will short one good prospect and go long another one and so far, CSC seems to be the best short prospect I can find based on only technicals. Thanks for the response. Like I said, nothing about the company specifically has me wanting to go short, just the chart says it is going to drop and I am wondering what the fundamentals are saying. I do know that many of the IT compaies are struggling to replace Y2K jobs and are fighting the pre-Y2K lock down on spending as companies don't want to mess up their now compliant systems. One "good" company I follow has been averaging 30% Y2K work but things have gotten so slow that they are up to 55%. The reaction to all this may spread through out the sector even if other specific companies are not experiencing this difficulty. Do you know when CSC is supposed to report earnings????? TIA and Good Luck, Lee