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To: Lucretius who wrote (597)6/8/1998 10:11:00 PM
From: Thean  Respond to of 14427
 
LT - about CBUK - don't know who taught you how to read chart but you got it all wrong!

Whatever bad news that was CBUK, it looks like the selloff more than a week ago where it broke below $25 was the telltale. Since then it had bounced back and with today's surge, is again testing resistence at the $25 level. If it can close above $25, then you can cry all the bad news you want but the real money is not biting short term. Again, how does dead money sound?

On the other hand, if CBUK gets bounced off the resistence at $25 tomorrow, then I would think about shorting. Remember MU when it was nearing $32?

So what's the scoop?