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To: john shoemaker who wrote (12734)3/11/1998 10:25:00 PM
From: V.  Read Replies (1) | Respond to of 17305
 
**CYCH**

Hi Shoe,

Nice gap up on big volume on earnings announcement, and subsequent Prudential upgrade. Very typical post-earnings pattern today, going a bit higher, then selling down on profit taking on a substantial, but somewhat lower volume. Assuming the market it neutral to up tomorrow, you should probably see some profit taking early after a little blip up, but it probably will not break today's high unless the market is kicking. Then, the stock should head back to the 13 3/4 - 14 level. If it breaks under that minor support, you will want to see it respect the 12 1/2 - 13 level of support which is more important longer term. The volume should come out of the stock on the retracement to 12 1/2ish, and that is the next entry point, should the stock hold here. Should it break below 12, I would be concerned.

It is not unusual to see a momentum play like this begin a bullish run, and previous lows and support levels might not be reached...if the stock does not touch the 12 1/2ish level on retracement, that would be bode well for the future. Along these lines, I would be encouraged to see some accumulation at the 13 - 13 3/8 level with steady or decreasing volume. That would enable it to kick back up to the mid teens more quickly.

Very short term, I would imagine a close in the upper 13s tomorrow on volume of ~400-500K shares, with the intraday no lower than 13 as being very positive. Over the next several days, do not be surprised to see it come back to that 12 1/2ish level to sit for a bit prior to the next cycle.

Hope this helps, best of luck on this one, and it's nice to see you back!

xoxo,
V.



To: john shoemaker who wrote (12734)3/12/1998 1:55:00 AM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
*AV*--Vicki seems to be the one for this. Everything I am reading seems to suggest Internet Stocks are the sure fire money maker if you SHORT them. Funny thing is they are starting to speak of these stocks as overvalued with little substance and a great amount of promised potential. It is an area I choose to steer clear of these days.

Hopefully we have someone who is more up on this sector to add their opinions.

Andrew



To: john shoemaker who wrote (12734)3/12/1998 9:17:00 AM
From: Trader X  Respond to of 17305
 
Posted my thoughts on CYCH yesterday to the Alpha Charts thread:

Message 3671641