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Technology Stocks : CPSX-CERAMICS PROCESS SYSTEMS -- Ignore unavailable to you. Want to Upgrade?

To: Rockaway 43 who wrote (67)	3/9/2000 4:46:00 PM
From: Douglas V. Fant	Respond to of 181

Rockaway, Funny that you should mention API. I bought back into API at $10/share yesterday based upon the technical pattern of consolidation. My target price for API was $10/share. It reached $10/share, so I sold it two weeks ago ....and it promptly ran to $18/share-oops! I thank the "Market Gods" for letting me back in at my previous departure level a couple of weeks ago.... But the API experience raises a good point about CPSX. CPSX is in a classic consolidation phase (IMO) after a breakout to the upside...Volume is tailing off, price motion is minimal...Usually (not always but most of the time)the next move following such a chart pattern is upward. You just don't know how far CPSX is going to run. The wild card here is the earnings report released in six days on March 15th... Don't know if CPSX will tight-lipped about its future plans or no. SEMX the other high quality process metal matrix component manufacturer showed 45% gain in revenues year-over-year this quarter. I would not be surprised to see a good percentage revenue gain here too...Now do note that CPSX had a huge contract with Motorola to provide components that is tailing off now. In fact that "tail off" effect over the Year 1999 IMO is hiding a pretty good growth rate in CPSX's pickup of new customers.....