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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?


To: Brett Fleischman who wrote (1788)7/21/1998 6:03:00 PM
From: xbrent  Respond to of 3990
 
The NASDAQ decline and the internet group decline,AOL, for example
caused a fairly rapid sell off of CYCH. The moment the NASDAQ turned around near the close, CYCH came right back in minutes. During the brief sell off the stock tripped a good number of stops and shook out weak hands. I agree, I think that CYCH will continue upward momentum.



To: Brett Fleischman who wrote (1788)7/21/1998 9:51:00 PM
From: DGG  Read Replies (2) | Respond to of 3990
 
Call me a daytrader, but I have L2 access and CYCH acted like a sick dog today - could not hold an important tech level at 14 3/4 and lots of selling pressure from some gd name mm.

Also, JP Morgan issued a report today re: E-commerce stocks and maintains hold rating on CYCH. Most important and perhaps interesting is that they took pains to point out that they do not perceive CYCH as viable takeover target at this point.

I am as keen as anyone else on this stock, but is it possible it has reached its top for the moment? I would love some objective feed back one way or another.