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


To: Benny Freeman who wrote (83)11/10/1997 8:30:00 PM
From: Lucky  Respond to of 199
 
Looking to short the first losing or breakeven day on this one.That will be the sign that the upwards momentum has subsided and profitaking will takeover.If you can watch the tape tomorrow and by lunchtime CPTL is not up you can be sure the upwards ride is near over if not already.Best to take the short position just before noon if CPTL hasn't made any gains as most players are likely to sell after lunch if they come back and CPTL is down.
With a RSI of 84 and the recent double of this stock I can't see more than another dollar of upside left to this stock on this run.
Should decline to 10 and enter a cosolidation phase before it's next run.
Hope this helps.
Lucky