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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Duke who wrote (12988)3/3/1998 12:10:00 AM
From: James Strauss  Read Replies (1) | Respond to of 79532
 
CS...

>>>Out of curiousity, a strategy question: you indicated you expect CS to consolidate for a while here; do you consider moving your $$ elsewhere for a while and then come back when the technicals look more promising, or just hold through?<<<
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Duke:

I think the big gap down from the 20's was the major reaction to an anticipated poor Qtr... This drop today appears to be the last wave of selling by those who are giving up...

I'll hold and add to my position on any dip to the 13.00 area... I don't think CS is going out of Business... Remember what happened to MU... It dropped into the mid teens before turning around... CS has new Mgmt... It is one of the major computer networking companies... I think the upside potential is greater than the downside... If I'm right, we should see it begin to stabilize soon... If I'm wrong, I'll lose some $$$$... I don't like to lose money...

Jim