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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (1526)7/12/2000 7:46:57 PM
From: John Pitera  Read Replies (2) | Respond to of 2850
 
my trading account is long CMRC, I might sell a wee bit at
the 200 dma, but that's at 64.30 so, it's a ways off.

we had a little top at 59 on about June 12th, some minor
resistance there.

CMRC pounded through the 50 and 21 dma which were just about
overlapping today.

ARBA's numbers are more meaningful to me than YHOO's. I wonder if the rest of the market will interpret them the same way.

I actually think this is one of the most important numbers.

look at the partnerships and deals with IBM, ITWO, VRSN,Dell
BAC, the US govt. Arthur anderson and all of the others.

this is good news for ITWO and VRSN.



To: Jorj X Mckie who wrote (1526)7/13/2000 12:28:01 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 2850
 
ARBA's numbers are more meaningful to me than YHOO's.

That was precisely my reaction.

I think the rest of the market is interpreting them that way. Am thinking of halving my position in CMRC at 65 or so (tomorrow or Monday?) and then waiting to reenter. With options expiration coming soon the little green men behind the scenes will need to shake the tree a little bit given the rapid and sudden recovery.


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