Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (13128)	4/4/2002 9:49:47 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Hi Peter! Sivle is taking an extra week's vacation down in Disney World. He stays in touch though. He said CNC is in a tight trading range and is trading in the upper end of that range. He said to expect to hit some resistance soon. Today's volume was encouraging but you have a good bit of overhead supply in the next 25-75 cents range. You'll probably meet some resistance as some folks will be wanting to get out of CNC at even or with a small profit. Keep an eye on the volume. If it increases, the price should too. If it doesn't it's an indication that the price will pull back some. One of the thread's favorite picks moved over 20% in two days earlier this week. However, following the runup, the price only moved a nickel on very high volume the next day. This was an indication that profit taking would take hold for a day or two. Be on the alert for the same thing with CNC. I'm not saying it will happen but you need to be alert to it. Additionally, CNC is approaching overbought status. It will take good news or something fundamentally to keep it there. I don't follow the stock so I don't know if there's anything there to sustain a rally. Be aware of such events. The longer term view indicates a slow, very slow, but steady uptrend. An analyst on CNBC trashed the stock big time earlier in the week. This should be considered bullish. <LOL> Hope this helps some. dabum