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To: jjkirk who wrote (4406)8/31/2000 3:43:38 AM
From: jjkirk  Read Replies (2) | Respond to of 13572
 
Re CMTN: From Stockbottom.com

CMTN - Copper Mountain Networks $60.94 +5.81 The trading day
for CMTN began in much the same way it has in recent weeks; going
South. In the first 15 minutes of the session CMTN had traded
down to $53.88, when the stock began trading sideways. The
communications company traded in a narrow range for the next few
hours when about 2 PM ET, traders decided enough is enough. CMTN
began to move higher with exceptional volume supporting the move.
For the day, CMTN ended with 7.2 million shares traded and in the
last two hours over 4.6 million shares changed hands. There was
no company news or analysts comments that would give any
indication as to what was behind today's action. The sector has
been doing better lately and it could have been time for CMTN to
play catch up with the holiday weekend approaching. Technically,
the $50 to $53 area was a bottom for the company back in April so
that may have finally captured the attention of the bulls as
well. Has a bottom been reached? It would appear for now the
bulls may be in control.

Chart = stockbottom.com;

Good call jcm. Hope it gets up to our buy point.

jj