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.

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

To: Lucky who wrote (97)	11/11/1997 7:42:00 PM
From: Benny Freeman	Read Replies (1) \| Respond to of 199

Looks like I better reverse gears. Should be able to gain 2 points on the downside and then go long sometime around 10 if things start looking up.

To: Lucky who wrote (97)	11/11/1997 8:45:00 PM
From: Jim Wang	Read Replies (1) \| Respond to of 199

You are right. Party is finally over. We'll see it bottom out at $10 in next few days. I shorted this stock at 15 1/2. I almost have same stratgy as yours. Doing great in this down market. Happily short

To: Lucky who wrote (97)	11/11/1997 9:13:00 PM
From: Froman	Respond to of 199

Lucky, Anybody know why this stock came to life all of a sudden these past few days? This has been a 9-10 month long double bottom in the making. It only makes sense then when the time came to break out, it would do so explosively. Predict stock will gap down tomorrow and we will test $12.I expect we will see 2 more losing days before CPTL settles down and trades in a narrower range.Should bottom out at $10 and then consolidate.Without any news it will be tough to hold $12 in this market. I'll give a couple of days for the dust to settle and trading volume to subside before trying to determine what might be the direction. A 50% retracement wouldn't be unreasonable. I would be surprised to see it fall back to $10. But you called it yesterday, I can't deny that. Greed ran it up to almost $16 and you say fear will take it back down to $10. Time will tell. Good luck to all! Fro