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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Russ 5150 who wrote (4996)	3/15/1998 8:48:00 AM
From: Kip518	Respond to of 18691

Russ, yes I still have my CUNO short. The chart shows the price is over-extended & topping. However, I agree that there is yet no evidence of a fundamental problem with the company. Asian problems (both currency & customer base) certainly can not be getting any better this quarter, but whether that will ultimately cause a price break I do not know. Until now CUNO has been a rolling stock moving in a 4-5 point range from bottom to top & back. I don't see the recent new highs as a major breakout or the startup of a new trading range as there was no substantial volume in the move. Thus, I believe CUNO is likely to slowly roll back down to the bottom of the range (where I'm out). I don't know what Dr. Daisey's plans are regarding CUNO, perhaps he has other ideas. Kip