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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: Redfisherman who wrote (1560)	1/23/2000 1:06:00 AM
From: Kerry Lee	Respond to of 2347

Redfisherman, thanks for the TA feedback. On a related topic, I recall reading somewhere ( not sure whether it was on Yahoo or SI ) that Garrett Van Waggoner had lightened up his holdings which is probably reflected in the drop from 30 to 20. The recent price rebound/blocks/volume would indicate renewed institutional interest. I wonder if Van Waggoner changed his mind and decided to rebuild his position in CMTO?

To: Redfisherman who wrote (1560)	1/30/2000 8:57:00 AM
From: Redfisherman	Respond to of 2347

Here is an update of my TA interpretation (for whatever it is worth!). Obviously, CMTO is not racing off towards 50 (yet). Taking a longer term perspective, the 1 year daily chart looks like it could be setting up a more symmetrical cup and handle with the new right side at 35 on 1/24 and the new handle now forming on reduced volume. Those choosing to buy on this basis would logically do so upon an increased volume break-out above 35 (assuming the handle doesn't drop too much further and volume remains low on the recovery to 35). For those who have a strong FA conviction (and aren't already as long as they care to be), a shorter term TA perspective would be that CMTO has been in a rising channel that started in late Oct. A logical entry point would be on an upward reaction to a line drawn through the 19.75 close on 1/7/00 parallel to the two peaks on 12/10/00 at 29 and on 1/24/00 at 35. This would be in the neighborhood of 24 or 25, if it occurs in the next few days. Downward penetration of this imaginary line (which could easily happen if the whole tech sector continues dropping) would suggest holding off on purchases until later.