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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?


To: CAP who wrote (1157)2/17/1998 4:35:00 PM
From: James Fink  Read Replies (2) | Respond to of 2063
 
The stock headed down right after Shant finished his CNBC interview at 2 P.M. Unbelievable as it may sound, it appears that many people were caught off guard by his statement that CVUS would not be participating in the auction. I think this thread has concluded that CVUS was smart not to overextend itself in new markets. I think the public will come to this realization as well. The vast majority of volume was to the upside prior to 2 P.M. This is a good sign. Nevertheless, CVUS could trade down to 6-6 1/4 on technical follow-through selling.