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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?


To: tech who wrote (1775)12/29/1997 12:17:00 PM
From: Trader X  Read Replies (1) | Respond to of 3391
 
Dear tech, I can see you have no experience in taxes and stocks.

No house "tells" their client which method to use when reporting to the IRS. That choice is a decision that can only be made by the tax filer and his/her tax preparer.

While it's true that most tax loss selling has occured by now, that is because most people are on vacation through New Years and won't have time to attend to their portfolios today and Tuesday.

We have to allow for such inaccurate information from someone without sufficient knowledge of stocks and taxes such as yourself.

-Kevin



To: tech who wrote (1775)12/29/1997 1:13:00 PM
From: Trader X  Respond to of 3391
 
Let's take a look at tech's record of predicting CSGI's price.

I humbly defer to tech on his masterful approach to technical analysis, in light of his past performance regarding CSGI...

1) Tech wrote -----
Analysis of CSGI as of close 8/7 ** NOTE **

The 21 day stochastic has crossed the 20% line and is increasing. This is a strong bullish indication that a price reversal to the upside is now taking place. This type signal is often followed by further upward price movements.

:::::
on 8/7 CSGI was at 9 1/2. Within 3 weeks it had fallen to under 7 1/2.
result: -22% in 3 weeks.

2) tech wrote ----- Wednesday, Oct 8 1997
Robert - I think that we should be able to move towards the
$13.50 to $14.00 level before any major resistance is felt.

:::::
on 10/8 CSGI was at $11. That was it's high on the sucker rally, and was at under $7 within 3 weeks.
result: -40% in 3 weeks.

3) tech wrote -----
Nov 3 1997 11:07AM EST
Looks like the stock is moving up again, .... all the MM's just moved up on the bid.

TIME TO BUY HERE.

:::::
on 10/8 CSGI was at $7 3/4. Since then it's down to $4 1/2.
result: -40% in 10 weeks.

-----

Strike 3, You're Out!

Have a nice day.