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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: jcm who wrote (4351)	8/30/2000 4:25:19 AM
From: jjkirk	Respond to of 13572

Re CMTN: Joe, I hope you don't mind me inserting my 2 pence while Greg is debugging his back office program... CMTN is a popular firm here in San Diego, so I have a few friends who tried to get me in it back in Feb when I was (I thought) QCOM rich. Ha! Anyway I have been following it since that time. If you study the chart, you can readily see that there is no indication of a bottom coming into play here. All the lines are down. (You can look at the definitions of the various subcharts to get an understanding of what they mean.) So technically, we see nothing worthwhile except that the volume is not too wimpy. Here is the chart: askresearch.com Fundamentals are really no better, IMHO. Sales in 2000 were projected to be 170% of 1999, however, EPS has downtrended since 4Q99 (0.37) to 2Q00 (0.20). Insiders have been net sellers for last 6 months. Zero insider buyers! Last balance sheet I can find is 123199. It looks good except for a great dependence on short term debt. Opinions are down since early spring. S&P downgraded in May from buy to accumulate over concerns of high PE in a rising interest climate...also CMTN has a concentrated customer base...Northpoint and Rhythms NetConnect. If you have a good source of info, you may want to watch it for trading purposes, however, I think it needs to stabilize and base for awhile to regain confidence. Barring any major turnaround in the news, I would not be a buyer until it got back to the 75 to 80 range. I enjoyed the exercise...hope you profited from this "how to build a watch" answer to your question about the time. It is time to go to bed here on the Left Coast! jj@rustydustyfinancembaburiedintheresomewhere