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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (9180)5/7/1998 12:30:00 PM
From: Jenna  Read Replies (2) | Respond to of 120523
 
in LCOS 64 1/2 (daytrade)



To: Jenna who wrote (9180)5/7/1998 11:17:00 PM
From: Walter High  Read Replies (1) | Respond to of 120523
 
Jenna:

Glad to see you have stumbled across CYTC, one of my favorites. This stock has a great long-term potential, but like any medical stock that is just trying to bring a product to market, it reacts violently to news.

Having followed this one since its IPO, my advice is to buy it when it is below 23 and sell it when it gets above 28. It recently dropped from 24 to 12 on some bad news, but is quickly rebounding as the company moves rapidly to solve the problem. Fortunately, I sold my shares at 26 a while back. I bought back in at 14 1/2 when it reversed from the bottom. Now trading at 18 1/2 and I bet it will see the upside of 25 by June.

Walter High