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Technology Stocks : CPTL -- Ignore unavailable to you. Want to Upgrade?


To: Froman who wrote (81)11/10/1997 6:53:00 PM
From: Lucky  Read Replies (5) | Respond to of 199
 
Dow Jones newswire story by Nancy Fonti at 3:43pm giving her explanation of recent runup.Don't know how to post the story but her phone number is given as 201-938-5171.Yes I agree that in the long run this stock is probably a good long play but in the short run profitaking will take over and drive this stock down to $10 before it works its way upwards again.The momentum players will dictate this over the next few days.Just seems prudent to lock up a nice profit now and buy back on the dip in the $10-11 range.Yes I am a short specialist and will be looking to short tomorrow or the first sign that the stock has topped temporarily.
With little institutional interest(small block trading all day).It is clear that this has strictly become a momentum play for the next few days.The first sign that the run is over will lead a rush for the exit.Look at the chart.How much more upside can there be ?
Previous posts on this thread indicate that the people here are thinking the same thing.Take your profits now,but not before I get my short position.
Hoping to find an uptick on the way down...
Lucky