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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (27814)8/30/2000 11:46:48 AM
From: Logain Ablar  Read Replies (2) | Respond to of 68173
 
rts

My CMRC thoughts.

Message 14297168

WCAP is one way but you won't get as much of a run.

I'm sitting in WSTL between 16 - 17 and 15 13/16 seems to be good support. If it keeps this level on a closing basis it has a nice triple bottom with slightly higher bottoms. The cable companies are rolling and the RBOC's are just starting to ramp (and were really waiting for a FTC rule to be effective in June). Once past labor day the stocks should move off the bottoms. Any real jump in price is probably not till 4th qtr when street has more visability of the SBC inventory & VZ strike impacts.



To: Return to Sender who wrote (27814)8/30/2000 1:05:05 PM
From: Probart  Read Replies (2) | Respond to of 68173
 
fwiw, took a long position in CMTN this morning. Keeping plenty powder dry though.
Probart