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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: jelrod3 who wrote (3717)	5/28/1998 1:21:00 PM
From: Norman Klein	Respond to of 8358

Technical reasons for block traded by Goldman Sachs on 5-21-98 On that date there was a very sharp crossing of the Period and Signal indicators, which is a strong sell signal. It was such a strong signal that I would have sold (except that I was on vacation, it now turned out to be a very expensive vacation). The next day, CS's stock price broke through (downward) the 50-day moving average, which is another strong bearish signal. Considering the circumstances, block trades of that magnitude should be expected. I consider it a big missed opportunity of my part, because I wasn't around to also take advantage of it. Many people on this thread pooh-pooh technical analysis, but because so many analysts use it, it is a self-fulfilling prophecy and is generally pretty accurate