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Technology Stocks : Cayenne Software (CAYN) -- Ignore unavailable to you. Want to Upgrade?


To: G. H. who wrote (758)3/3/1998 10:57:00 AM
From: stock talk  Read Replies (2) | Respond to of 1096
 
Henry, having watched this stock trade of late, I would not agree with a profit taking scenario. There has been net buys vs sells(3 to 2 margin)and the price has moved slightly down. Looks to me that it is under controlled accumulation as so the smart money can buy on the cheap or there is a huge hidden sell order with the MM(I doubt it). That not to say we won't see it move down again before another run up. Don't forget there is a seller out there with at least 25% of his position yet to be sold. But there is also a short interest that will have to be dealt with. I think the $3 dollar trading range in well within sight.