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.

Biotech / Medical : CTEC: Cholestech any other investors? -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (280)	11/4/1997 1:34:00 AM
From: Ted Zeilstra	Read Replies (1) \| Respond to of 710

May get a market test a lot sooner than Dec. Traders were VERY surprised at today's (yesterday's) 200+ Dow move. You may see some serious profit taking in the next day or two due to their skepticism.

To: Duane L. Olson who wrote (280)	11/4/1997 6:22:00 AM
From: John Kratus	Read Replies (1) \| Respond to of 710

Duane, I think that this is a very tough market to gauge. As it is, it's impossible to know at the end of one trading day whether the Dow will open the next day up 100 points or down 100 points. This day-to-day unpredictability is eventually going to wear on investors, and they might pull out to wait until things calm down a bit. There is still money to be made, but there is an awful lot of churning going on. On the day of the mini-crash, I closed out all of my short positions and bought lots of stock. I have since then sold a little stock and reestablished a healthy short position as insurance against a possible downturn. My prediction for CTEC between now and Dec 31: a trading range between 13 and 15. The new CTEC options have me nervous about (more) volitility and (more) speculation. John