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To: john shoemaker who wrote (12742)3/12/1998 6:29:00 PM
From: V.  Respond to of 17305
 
**CYCH**

Hi Shoe,

techstocks.com

Well, we got it right on the move today with one exception. <ggg> We saw the early blip up, some minor profit taking, lower high than yesterday, lesser volume. I was off on today's closing price by about a point. (ACK!!!) It gave a stronger showing today than I'd have thought as the selling pressure wasn't there - the volume was not very substantial. Looks like folks are holding and there wasn't as much profit taking as I would've expected on the earnings announcement. Guess everyone doesn't have that "trading" mentality! :) The tight intraday play which we observed today bodes well for the longer term perspective but it will still retrace somewhat, they usually do. :)

Anyway, it is still going to come back to the 13 3/4 -14 level shorter term, perhaps tomorrow, though with today's tight intraday range, it might just sit here a bit. It will depend on the volume tomorrow as to where it will head. I think that my analysis yesterday is still accurate, again with the exception that there was little volume today, and therefore, no major downward move on profit taking.

Let's keep watching and if it bounces off that ~13 3/4 to 14 level, then things will look very well for you. :)

xoxo,
V.



To: john shoemaker who wrote (12742)3/18/1998 12:19:00 PM
From: V.  Read Replies (2) | Respond to of 17305
 
Hi Shoe,

What a difference a week makes! :)

The recent PR did great things for CYCH as it blew right past the overhead resistance of 17 3/4-18 1/4 on nice volume. We will reevaluate this now, as it doesn't appear that you'll get to pick up some more shares at the 14ish level anytime too soon. :) Provided that the volume remains intact, ride it for all that it's worth. Once you see the volume come out of the stock, that would be a good place to take some partial profits, assuming you want to hold this one longer term. That will likely be today and tomorrow, unless there are further PRs in the wings to keep it running following some minor profit taking.

It probably won't retrace fully now back to the 13 -13 3/8 level, or even the 14ish perhaps, given all of the good news lately so you might be buying back a bit higher than your original basis in that case. Then again, if this market ever comes back to Earth, you might use that as a buying opportunity, and it might be your only chance to get more of this cheaply! :) There really is very good momentum on this one right now, and I am very pleased for you that it has gone so well. :)

Take care, LMK what you decided to do on this one! :)

xoxo,
V.